Net Asset Value(s)

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

24 February 2011

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 December 2010 was 96.66 pence per
share.

The Company is planning a further allotment on 28 February 2011 pursuant to the
Joint Offer for shares launched on 12 November 2010 with The Income & Growth
VCT plc and Matrix Income & Growth 4 VCT plc. Based on the net asset value per
share of 96.66 pence, the Offer price for this allotment will be 102.3 pence
per share.

For further information, please contact:

Sarah Penfold, for Matrix Private Equity Partners LLP, Company Secretary: 020
3206 7000