Annual Information Update

Matrix Income & Growth 2 VCT plc

Annual Information Update

21 July 2006

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 2006.

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and may now be out of date.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              Place of Filing                Description           
                                                                               
                           or Publication                                      
                                                                               
8 July 2005                Stock Exchange      Final Results                   
                                                                               
8 July 2005                Stock Exchange      Notice of AGM and EGM           
                                                                               
22 July 2005              Companies House      Form 266(3) Notice to cease     
                                               trading as an Investment Company
                                                                               
29 July 2005               Stock Exchange      Amended Notice of AGM and EGM   
                                                                               
7 September 2005           Stock Exchange      Result of AGM and EGM           
                                                                               
9 September 2005          Companies House      Certificate of change of name   
                                               from Matrix Venture Fund VCT plc
                                                                               
15 September 2005         Companies House      Amended Memorandum and Articles 
                                               of Association                  
                                                                               
15 September 2005          Stock Exchange      Change of name                  
                                                                               
15 September 2005          Stock Exchange      Change of Adviser               
                                                                               
15 September 2005          Stock Exchange      Dividend Declaration            
                                                                               
16 September 2005         Companies House      Special resolutions -           
                                               disapplication of pre-emption   
                                               rights, performance incentive,  
                                               authority to allot and purchase 
                                               own shares                      
                                                                               
20 September 2005         Companies House      Annual Accounts (30/04/05)      
                                                                               
22 September 2005         Companies House      Special Resolution approving    
                                               management and performance      
                                               incentive arrangements          
                                                                               
23 September 2005          Stock Exchange      Purchase of Own Shares          
                                                                               
4 October 2005             Stock Exchange      Doc re. Offer for Subscription  
                                                                               
4 October 2005            Companies House      Form 288b - director resigned   
                                                                               
10 October 2005            Stock Exchange      Directorate Change              
                                                                               
18 October 2005           Companies House      Form 169                        
                                                                               
20 October 2005            Stock Exchange      Purchase of Own Shares          
                                                                               
16 December 2005           Stock Exchange      Issue of equity                 
                                                                               
4 January 2006            Companies House      Form 88(2) R                    
                                                                               
5 January 2006             Stock Exchange      Issue of Equity                 
                                                                               
5 January 2006             Stock Exchange      Statement re Listing application
                                                                               
5 January 2006             Stock Exchange      Interim Results                 
                                                                               
23 January 2006            Stock Exchange      Purchase of Own Shares          
                                                                               
26 January 2006            Stock Exchange      Issue of Equity                 
                                                                               
2 February 2006            Stock Exchange      Issue of Equity                 
                                                                               
8 February 2006           Companies House      Form 88(2) R                    
                                                                               
9 February 2006            Stock Exchange      Issue of Equity                 
                                                                               
16 February 2006          Companies House      Form 169                        
                                                                               
21 February 2006          Companies House      Form 88(2) R                    
                                                                               
24 February 2006           Stock Exchange      Issue of Equity                 
                                                                               
28 February 2006          Companies House      Form 88(2) R                    
                                                                               
9 March 2006               Stock Exchange      Issue of Equity                 
                                                                               
9 March 2006               Stock Exchange      Director/PDMR Shareholding      
                                                                               
9 March 2006              Companies House      Form 88(2) R                    
                                                                               
16 March 2006              Stock Exchange      Issue of Equity                 
                                                                               
22 March 2006             Companies House      Form 88(2) R                    
                                                                               
23 March 2006              Stock Exchange      Issue of Equity                 
                                                                               
30 March 2006              Stock Exchange      Issue of Equity                 
                                                                               
30 March 2006              Stock Exchange      Director/PDMR Shareholding      
                                                                               
3 April 2006               Stock Exchange      Issue of Equity                 
                                                                               
3 April 2006               Stock Exchange      Director/PDMR Shareholding      
                                                                               
4 April 2006               Stock Exchange      Issue of Equity                 
                                                                               
4 April 2006               Stock Exchange      Offer for Subscription          
                                                                               
5 April 2006              Companies House      Form 88(2) R                    
                                                                               
5 April 2006               Stock Exchange      Issue of Equity                 
                                                                               
6 April 2006               Stock Exchange      Issue of Equity                 
                                                                               
6 April 2006               Stock Exchange      Offer for Subscription closed   
                                                                               
10 April 2006             Companies House      Form 363s - annual return       
                                                                               
18 April 2006             Companies House      Form 88(2)                      
                                                                               
2 May 2006                Companies House      Form 169                        
                                                                               
9 May 2006                Companies House      Forms 88(2)                     

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.