Director/PDMR Shareholding

Matrix Income & Growth VCT plc

21 June 2010

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility

The Company announces that as part of the Scheme of arrangement in connection
of the merger of the Company with Matrix Income & Growth 3 VCT plc on 20 May
2010, the following Directors were allotted and issued the numbers of ordinary
shares shown below at a deemed issue price of 83.89934982p per share:

 

Director          Ordinary     Percentage of   Total           Percentage of
                  shares of 1p issued share    notifiable      issued share 
                  allotted     capital         holding         capital and  
                               acquired        following the   total voting 
                                               transaction     rights       
                                                                            
Bridget Guerin    8,430        0.02%           18,980          0.05%        
                                                                            
Christopher Moore 44,966       0.11%           87,166          0.21%        
                                                                            
Keith Niven       11,241       0.03%           32,341          0.08%        
                                                                            
Thomas Sooke      8,430        0.02%           16,342          0.04%        

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

For further information please contact:

Sarah Penfold at Matrix-Securities Limited, Company Secretary, on 020 3206
7000.