Director/PDMR Shareholding

Matrix Income & Growth 4 VCT plc

9 March 2012

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility

The Company announces that the following Director was allotted and issued the
numbers of ordinary shares shown below at a deemed issue price of 123.5 pence
per share:

 

Director          Ordinary s   Percentage of Total n         Percentage of     
                  hares        issued share  otifiable       issued share      
                  allotted     capital       holding         capital and total 
                               acquired      following the   voting rights     
                                             transaction     following the     
                                                             transaction       
                                                                               
Christopher Moore 1,423        0.0275%       33,887          0.1271%           
                                                                               
Helen Sinclair    1,423        0.0275%       12,425          0.0466%           
                                                                               
Andrew Robson     2,135        0.0413%       6,493           0.0243%           

This notification relates to a transaction notified in accordance with
Disclosure and Transparency Rule 3.1.4(1).

For further information please contact:

Robert Brittain at Matrix Private Equity Partners LLP, Company Secretary: 
020 3206 7000.