Issue of Equity

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

6 April 2010

Issue of Equity

Offer for Subscription of up to 1,995,757 new ordinary shares, subject to a
maximum of £2.18 million of funds raised

The Company announces that on 3 April 2010 it allotted and issued 21,030 new
Ordinary Shares of 1p each ("Ordinary shares") under the Offer for Subscription
("the Offer") at a price of 112.4p per share. Dealings in the new Ordinary
Shares are expected to commence on 12 April 2010.

Following this allotment the issued share capital of the Company is 21,441,473
Ordinary Shares of 1p each.

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