Net Asset Value(s)

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

27 April 2007

Net Asset Value

Matrix Income & Growth VCT plc announces that the unaudited net asset value of
the Company as at close of business on 31 March 2007 per was;

Excluding current year income        Including current year income    
                                                                      
101.87p per Ordinary 1p Share        102.54p per Ordinary 1p Share    

Both figures include the final dividend of 1.4 pence per Ordinary 1p Share
payable on 18 May 2007 to Shareholders on the register at close of business on
20 April 2007.