Issue of Equity

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

29 November 2010

Issue of Equity

The Company announces that on 18 November 2010 it allotted and issued 13,241
new Ordinary Shares of 1p each at a price of 98.8 pence per share (being the
average middle market price of the shares for the five days preceding the
dividend payment date) under the Company's Dividend Investment Scheme.

It is expected that the shares will be admitted to trading on 30 November 2010.

Following this purchase the Company now has 20,946,178 Ordinary Shares in
issue.

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