Investment Details

Matrix e-Ventures Fund VCT PLC
29 November 2000


Matrix e- Ventures Fund VCT Plc

Investment Details


The  Board  of Matrix e-Ventures Fund VCT Plc is pleased  to
announce  that  it  has now made a further two  investments,
details of which are included below, making a total  of  six
with £2.65 million invested.

e-Gas & Power Plc

In  November the Company invested £350,000 in e-Gas & Power.
e-Gas  &  Power  is  a  major  broker  of  natural  gas  and
electricity in Europe using a telephone based trader  set-up
with  deals  being undertaken by clients over the  telephone
using  data  viewed  on dedicated screens.  The  company  is
expanding its operations by offering e-B2B exchange for  gas
and  electricity,  first to UK customers and  eventually  to
other  EU countries. Delivery is via the Internet with data,
including contracts, being communicated by e-mail.


i-Desk plc

On  21  November 2000, the Company invested £750,000  in  
i-desk, in return for a 2 per cent. interest in the company.

iDesk   provides  outsourced  technical  helpdesk  services,
mainly   to  UK  Internet  Service  Providers  and  telecoms
companies.   It  currently supports  over  2.5  million  end
users.  iDesk also supplies its support desk software  'OSM'
to   corporate  help-desks  and  has  recently  launched  an
electronic bill presentation service.

In  seeking  to  support and accelerate the  growth  of  its
business,  the  company  is currently  generating  operating
losses.  The proceeds from the recent placing of shares will
be  used  to  provide  working capital and  finance  capital
expenditures and future operating losses.