Interim Management Statement

Matrix Income & Growth 4 VCT plc (the Company)

                         INTERIM MANAGEMENT STATEMENT                          

                     For the quarter ended 31 October 2009                     

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Matrix Income & Growth 4 VCT plc presents an Interim
Management Statement for the quarter ended 31 October 2009. The statement also
includes relevant financial information between the end of the period and the
date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

                                                   31 October 2009 31 July 2009
                                                                               
Net assets attributable to shareholders                £20,958,817  £21,057,391
                                                                               
Shares in issue                                         19,998,300   20,038,300
                                                                               
Net asset value per Ordinary Share                       104.80p *      105.09p
                                                                               
Cumulative dividends paid per Ordinary Share                14.70p       14.70p
                                                                               
Total return per share (net asset value basis)             119.50p      119.79p
since inception                                                                

* On 7 November 2009, the Company paid a further dividend on 1p per Ordinary
Share which is included in net asset value per share.

NEW INVESTMENTS

No new investments were made during the quarter. However, following the end of
the quarter, the Company made a further investment of £45,455 into British
International Holdings Limited in November and two new investments in December.
The first of these was an investment of £1 million into CB Imports Group
Limited to support the MBO of Country Baskets, an established importer and
distributor of floral sundries. This investment was made via the investment
vehicle Calisamo Management Limited. The second was an investment of £878,251
into Iglu Holdings Limited, the UK's largest specialist ski holiday travel
agent and fastest growing cruise holiday travel agent.

DIVESTMENTS

No divestments were been made during the quarter. However, following the end of
the quarter, the Company has fully realised its investment in PastaKing
Holdings, the Newton Abbot based award winning supplier of fresh pasta meals to
the education sector and industry.

The Company's investment in PastaKing was sold to NBGI Private Equity for net
proceeds of some £354,000 on 14 November 2009. This realisation contributed to
total proceeds of some £432,000 to the Company over the life of the investment,
representing a 3.25 fold gain on the Company's original investment of £133,055.

Following the end of the quarter in December, the Company also sold its small
investment in eXpansys plc of £31,000 for £16,373.

SHARE BUY-BACKS

During the quarter ended 31 October 2009, the Company bought back 40,000 of its
own Ordinary Shares at an average price of 78.63 pence per share.

Following the end of the quarter, the Company bought back a further 33,228 of
its own shares at a price of 83.22 pence per share.

For further information, please contact:

Sarah Penfold, for Matrix-Securities Limited, Company Secretary: 020 3206 7000