Net Asset Value and Notification of Allotment

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

6 May 2011

Annual Results

The Board is currently finalising the Company's annual results for the year
ended 31 January 2011, which will be announced shortly.

Allotment

Under the linked offer for subscription with Matrix Income & Growth VCT plc and
The Income & Growth VCT plc to raise up to £21 million, launched on 12 November
2010 ("the Offer") the Company, along with the other two VCTs to the Offer,
intends to allot further shares next week, which will occur before the annual
report has been finalised.

Unaudited Net Asset Value at 31 January 2011

Accordingly, the Board announces that the unaudited net asset value per share
of the Company as at close of business on 31 January 2011 is 112.87 pence per
Ordinary 1p Share

As a result the Offer price at which these shares will be allotted will be
119.5p per share, until a further net asset value is announced.