Transaction in Own Shares

Matrix Income & Growth VCT plc

24 December 2008

Purchase of shares for cancellation

Matrix Income & Growth VCT plc announces that on 24 December 2008 it purchased
154,000 Ordinary Shares at a price of 74 pence per share for cancellation.

Following this purchase there are now 20,798,725 Ordinary Shares of 1 pence in
issue.