Director/PDMR Shareholding

Matrix Income & Growth 4 VCT plc (the "Company")

12 May 2011

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility

The Company announces that the following Director was allotted and issued the
number of new Ordinary Shares of 1p each ("Ordinary shares") under the Offer
for Subscription ("the Offer") at a price of 119.5p per share:

 

Director        Ordinary s   Percentage of Total n         Percentage of     
                hares        issued share  otifiable       issued share      
                allotted     capital       holding         capital and total 
                             acquired      following the   voting rights     
                                           transaction     following the     
                                                           transaction       
                                                                             
Andrew Robson   1,471        0.005819%     4,358           0.01724%          

This notification relates to a transaction notified in accordance with
Disclosure and Transparency Rule 3.1.4(1).

For further information please contact:

Robert Brittain at Matrix Private Equity Partners LLP, Company Secretary, on
020 3206 7000.