Annual Information Update

Matrix Income & Growth 2 VCT plc

Annual Information Update

2 July 2007

In accordance with Prospectus Rule 5.2, the following information has been
published or made available to the public in the 12 months up to and including
30 April 2007.

Announcements listed as published on the London Stock Exchange have been
published via a Regulatory Information Service and can be found on 
www.londonstockexchange.com. Copies of documents filed with Companies House can
be obtained from Companies House or, if you are a registered user, through
Companies House Direct at www.direct.companieshouse.gov.uk.

Some of the information referred to below was provided as at a specific date
and may now be out of date.

         Date                                Description                      
                                                                              
STOCK EXCHANGE                                                                
                                                                              
20 March 2007           Net Asset Values of the Company as at 31 January 2007 
                                                                              
11 January 2007         Appointment of Sally Leeson as Director               
                                                                              
20 December 2006        Total Voting Rights in the Company of 12,340,947      
                        Ordinary Share votes and 9,145,990 C Share votes      
                                                                              
19 December 2006        Interim statement for the six months ended 31 October 
                        2006                                                  
                                                                              
5 October 2006          Appointment of Adam Kingdon as Director               
                                                                              
25 September 2006       Purchase of 50,000 of the Company's own Ordinary      
                        Shares for cancellation                               
                                                                              
6 September 2006        Results of Class Meetings of Ordinary Fund            
                        Shareholders and C Fund Shareholders - all resolutions
                        passed                                                
                                                                              
5 September 2006        Net Asset Values of the Company as at 31 July 2006    
                                                                              
5 September 2006        Result of Annual General Meeting - all resolutions    
                        passed                                                
                                                                              
21 July 2006            Annual Information Update for the year ended 30 April 
                        2006.                                                 
                                                                              
10 July 2006            Purchase of 175,000 of the Company's own Ordinary     
                        Shares for cancellation                               
                                                                              
27 June 2006            Preliminary results for the year ended 30 April 2006  
                                                                              
COMPANIES HOUSE                                                               
                                                                              
3 April 2007            Form 363 Annual Return filed for the period up to 08/ 
                        03/07                                                 
                                                                              
26 January 2007         Form 288a Appointment of Sally Leeson as Director     
                                                                              
1 November 2006         Form 169 Purchase of 50,000 of the Company's own      
                        Ordinary Shares on 22/09/2006                         
                                                                              
13 October 2006         Form 288a Appointment of Adam Kingdon as Director     
                                                                              
19 September 2006       Resolutions passed at AGM 5 September 2006            
                                                                              
19 September 2006       Form 288b Resignation of Fredrik Adams as Director    
                                                                              
19 September 2006       Form 288b Resignation of Michael Cumming as Director  
                                                                              
18 September 2006       Certificate 19 Reduction of the Share Premium Account 
                                                                              
14 September 2006       Order of the Court reducing the Share Premium Account 
                                                                              
31 August 2006          Accounts for the year ended 30 April 2006             
                                                                              
25 July 2006            Form 169 Purchase of 175,000 of the Company's own     
                        Ordinary Shares on 07/07/2006                         
                                                                              
9 May 2006              Form 88(2)R Issue of 505,091 C Shares on 05/04/2006   
                                                                              
9 May 2006              Form 88(2)R Issue of 302,234 C Shares on 05/04/2006   
                                                                              
9 May 2006              Form 88(2)R Issue of 111,874 C Shares on 04/04/2006   
                                                                              
9 May 2006              Form 88(2)R Issue of 705,933 C Shares on 03/04/2006   
                                                                              
9 May 2006              Form 88(2)R Issue of 1,217,381 C Shares on 30/03/2006 
                                                                              
2 May 2006              Form 169 Purchase of 95,000 of the Company's own      
                        Ordinary Shares on 19/10/2005                         

In accordance with the provisions of Article 27.3 of the Prospectus Directive
Regulation, we confirm that to the best of our knowledge, information relating
to 'Holdings in Company' and 'Directors' Shareholdings' is up to date at the
date of this announcement but it is acknowledged that such disclosures may, at
any time, become out of date, due to changing circumstances.

Copies of information released can be obtained through the Company Secretary at
the Company's Registered Office at One Jermyn Street, London, SW1Y 4UH.