Notice of EGM

Matrix Venture Fund VCT PLC
27 February 2004

Matrix Venture Fund VCT plc



Notice of EGM



The Board of Matrix Venture Fund VCT plc announces that a circular is today
being posted to shareholders containing proposals, inter alia, to amend the
articles of association by the creation of a new class of shares and convening
an Extraordinary General Meeting to be held on 26 March 2004.



The Board and the Company's investment manager, Matrix Private Equity Limited,
would like to increase the size of the Company's funds to enable the Company to
continue as an active investor and to spread the cost base over a larger amount
of assets to the benefit of all shareholders. Whilst no decision has yet been
made to raise any new funds the Directors anticipate improvements in both
investor sentiment and market conditions and consider that the proposals
contained in the circular will position the Company to take advantage of such
opportunities.



As at 31 January 2004 the unaudited net asset value of Matrix Venture Fund VCT
plc was 86.1p per Ordinary Share.



Copies of the document have been submitted to the UK Listing Authority (UKLA)
and will shortly be available for inspection during normal business hours at the
UKLA's Document Viewing Facility which is situated at 25 The North Colonnade,
London E14 5HS.



Enquiries


Helen Sinclair                                  020 7292 0800
Matrix Private Equity

Ross Andrews                                    0121 6090050
Williams de Broe Plc



END




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