Realisation of investment

Matrix Income & Growth 4 VCT plc (the "Company")

13 December 2007

The Board announces that Matrix Income & Growth 4 VCT plc has realised its
investment in Ministry of Cake in full by the sale of that company to Greencore
Group plc. This generated proceeds of £0.8 million compared with original cost
of £0.33 million. The £0.3 million excess of proceeds above the most recent
valuation of £0.5 million is equivalent to a 1.4p increase in the Company's net
asset value.

The Board intends to make the normal announcement of the Company's net asset
value as at 31 January 2008 by the end of March 2009.