Director Shareholding

Matrix Income & Growth VCT PLC
16 December 2004


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

16 December 2004




Directors' Shareholdings

Matrix Income & Growth VCT plc announces that on 16 December 2004, the following
Director was allotted and issued new Ordinary Shares under the offer for
subscription:


Director              Shares          Share price         Percentage
                      purchased                           of issued
                                                          share capital

Christopher Moore     42,200             100p             0.72%






For further information please contact:

Sarah Penfold at Matrix-Securities Limited, the Company Secretary on: 020 7925
3300.

END


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