Offer for Subscription

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

19 January 2009

Offer for subscription to raise up to £10 million, with an over-allotment
facility to raise a further £5 million

The Company is today publishing a prospectus for an offer for subscription of
new C Shares. Copies of the prospectus have been filed with the Financial
Services Authority and will shortly be available for inspection at the FSA's
Document Viewing Facility which is situated at:

25 The North Colonnade
Canary Wharf
London E14 5HS
Tel: [phone]

For further information please contact:

Mark Wignall
Matrix Private Equity Partners 0203-206-7000