Interim Management Statement

Matrix Income & Growth 4 VCT plc (the Company)                 

                         INTERIM MANAGEMENT STATEMENT                          

                      For the quarter ended 30 April 2010                      

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 30 April 2010. 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

                                                30 April 2010 31 January 2010
                                                                             
Net assets attributable to shareholders           £22,986,097     £21,222,542
                                                                             
Shares in issue                                    21,235,608      19,957,572
                                                                             
Net asset value per Ordinary Share                    108.24p         106.34p
                                                                             
Cumulative dividends paid per Ordinary Share           15.70p          15.70p
                                                                             
Total return per share (net asset value basis)        123.94p         122.00p
since inception                                                              

ANNUAL GENERAL MEETING & DIVIDENDS

All resolutions were duly passed at the Company's Annual General Meeting on 27
May 2010.

Shareholders approved a final dividend of 2 pence per share payable on 9 June
2010 to Shareholders on the register on 14 May 2010. This will bring cumulative
dividends paid to 17.70 pence per share.

Shareholders approved the introduction of a dividend investment scheme which
will be applicable for the forthcoming final dividend and future dividend
payments.

NEW INVESTMENTS

During the quarter the Company completed a small follow-on investment in
sparesFinder Limited of £854.

DIVESTMENTS

The Company successfully realised its investment in Stortext FM Limited in
February, for total proceeds of £488,000 plus loan notes in the acquirer,
Box-It Storage Group Limited, with a nominal value of £25,759.

TOP-UP OFFER

During the quarter the Top-Up Offer launched in January 2010 closed on 3 April,
having raised £1.64 million before expenses. 1,483,901 Ordinary Shares were
allotted at a price of 112.4 pence per share.

SHARE BUY-BACKS

The Company bought back 205,865 of its own Ordinary Shares at a price of
89.3565 pence per share during the period.

For further information, please contact:
Ross Lacey, for Matrix-Securities Limited, Company Secretary: 020 3206 7000