Interim Management Statement

Matrix Income & Growth VCT plc (the Company)

                         INTERIM MANAGEMENT STATEMENT                          

                    For the quarter ended 30 September 2009                    

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Matrix Income & Growth VCT plc presents an Interim
Management Statement for the quarter ended 30 September 2009. The statement
also includes relevant financial information between the end of the period and
the date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

                                     At 30 September 2009       At 30 June 2009
                                                                               
Net assets attributable to                    £16,533,114           £16,716,851
shareholders                                                                   
                                                                               
Shares in issue                               20, 623,852            20,623,852
                                                                               
Net asset value per Ordinary                       80.16p                81.06p
Share                                                                          
                                                                               
Cumulative dividends paid                          16.30p                16.30p
                                                                               
Total net asset value return per                   96.46p                97.36p
share since inception                                                          
                                                                               
% return on opening net asset                       2.07%                 3.03%
value of 94.5 pence per share                                                  

NEW INVESTMENTS

No new investments were made during the quarter. However, following the end of
the quarter the Company made an additional investment of £181,818 into British
International Holdings Limited.

DIVESTMENTS

No divestments were been made during the quarter. However, following the end of
the quarter, the Company has fully realised its investment in PastaKing
Holdings, the Newton Abbott based award winning supplier of fresh pasta meals
to the education sector and industry.

The Company's investment in PastaKing was sold to NBGI Private Equity for net
proceeds of £1,236k on 14 November 2009. This realisation contributed to total
proceeds of £1,506k to the Company over the life of the investment,
representing a 3.25 fold gain on the Company's original investment of £464,047
.

SHARE BUY-BACKS

The Company did not buy-back any of its own Ordinary Shares during the quarter
ended 30 September 2009. However, following the end of the quarter the Company
has bought back 158,172 of its own Ordinary Shares at a price of 56.52 pence
per share.

For further information, please contact:

Sarah Penfold, for Matrix-Securities Limited, Company Secretary: 020 3206 7000.