Offer for subscription closed

Matrix Income & Growth 2 VCT plc ("the Company")

5 May 2009

Offer for subscription closed

The Board of Matrix Income & Growth 2 VCT plc is pleased to announce that the
Offer for Subscription made by the Company on the terms set out in its
prospectus dated 19 January 2009 ("the Offer") has now closed. The Company has
raised approximately £7.5m through the issue of 8,337,368 C Shares being
subscribed in full at 92.39 pence per share under the Offer.

Contact details for further queries:
Mark Wignall at Matrix Private Equity Partners LLP 020 3206 7000