Change of Name

Mobeus Income & Growth VCT plc

2 July 2012

Change of name and completion of change in ownership at the Manager

The Company announces that it has by Board resolution changed its name from
Matrix Income & Growth VCT plc to Mobeus Income & Growth VCT plc.

This follows the change in ownership at the Manager, Matrix Private Equity
Partners LLP ("MPEP") announced on 20 January 2012, which completed on 30 June
2012.

Under this agreement, The executive partners of MPEP have acquired control of
the Manager from Matrix Group Limited and renamed the management company Mobeus
Equity Partners LLP.

The new address of the Company and the Manager is 30 Haymarket, London W1Y
4EX with immediate effect.

For further information please contact:

Robert Brittain at Mobeus Equity Partners LLP, Company Secretary, on 020 3206
7000.