Issue of Equity

Matrix Income & Growth VCT PLC
18 November 2004


Matrix Income & Growth VCT plc

Issue of Equity


The Company announces that on 18 November 2004 it allotted and issued 226,171
new ordinary shares of 1p each under the offer for subscription at a price of
100p.

Following this allotment the issued share capital of the Company is 4,506,517
Ordinary Shares.

For further information please contact:

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






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