Net Asset Value(s)

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

1 November 2006

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 2006 per was;

Excluding current year income     Including current year income
                                                               
 97.58p per Ordinary 1p Share      98.37p per Ordinary 1p Share

Current year income excludes an interim dividend of 0.8 of a penny per Ordinary
1p Share which was paid to Shareholders on 14 September 2006.