Transaction in Own Shares

Matrix Income & Growth VCT plc

10 November 2006

Purchase of shares for cancellation

Matrix Income & Growth VCT plc announces that on 9 November 2006 it purchased
40,000 Ordinary Shares at a price of 88.5 pence per share for cancellation.

Following this purchase there are now 22,103,621 Ordinary Shares of 1 pence in
issue.