Net Asset Value(s)

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

30 October 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 30 September 2007 per share was;

Excluding current year income        Including current year income    
                                                                      
110.79p per Ordinary 1p Share        111.75p per Ordinary 1p Share    

Current year income excludes an interim dividend of 1.00 penny per Ordinary 1p
Share which was paid to Shareholders on 20 September 2007.