Director/PDMR Shareholding

Matrix Income & Growth VCT plc

24 January 2011

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility

The Company announces that the following Directors were allotted and issued the
numbers of ordinary shares shown below at a deemed issue price of 98 pence per
share:

Director        Ordinary     Percentage of Total           Percentage of     
                Shares       issued share  notifiable      issued share      
                allotted     capital       holding         capital and total 
                             acquired      following the   voting rights     
                                           transaction     following the     
                                                           transaction       
                                                                             
Bridget Guerin  1,794        0.0043%       20,774          0.0498%           
                                                                             
Keith Niven     3,588        0.0086%       35,929          0.0860%           
                                                                             
Thomas Sooke    1,794        0.0043%       18,136          0.0434%           

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 Private Equity Partners LLP, Company Secretary, on 020
3206 7000.