Net Asset Value(s)

Net Asset Value

Matrix Income & Growth 4 VCT plc announces that the unaudited net asset value
per share of the Company as at close of business on 31 July 2007 was:

Excluding current year income            Including current year income         
                                                                               
117.52 pence per Ordinary 1p Share       118.69 pence per Ordinary 1p Share