Transaction in Own Shares

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

24 May 2007

Purchase of shares for cancellation

Matrix Income & Growth 4 VCT plc announces that on 18 May 2007 it purchased for
cancellation 491,250 of its Ordinary Shares at a price of 89.00 pence per
share.

Following this purchase the Company now has 20,879,280 Ordinary Shares in
issue.

Each Ordinary Share has one vote attached to it. Therefore the total number of
Ordinary Shares in the Company and the total voting rights is 20,879,280. This
figure may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of the Company
under the Financial Service Authority's Disclosure and Transparency Rules.