TIDMIGV TIDMMIX TIDMMIG4 
 
JOINT ANNOUNCEMENT 
 
Matrix Income & Growth VCT plc, Matrix Income & Growth 4 VCT plc and The Income 
& Growth VCT plc 
 
Joint Offer for Subscription, Issue of Prospectus and Proposed Change of 
Ownership of Investment Manager 
 
The Offer 
 
The boards of Matrix Income & Growth VCT plc, Matrix Income & Growth 4 VCT plc 
and The Income & Growth VCT plc ("the Companies") are pleased to announce the 
launch of a joint offer for subscription for new ordinary shares of 1p each in 
the capital of each of the Companies to raise, in aggregate, up to GBP21 million 
before expenses ("the Offer"). 
 
The Offer opens today and will close at 12.00 p.m. on 30 April 2012 (unless 
fully subscribed by an earlier date or otherwise extended or closed at the 
Directors' discretion). Persons intending to subscribe for shares under the 
Offer in the 2011/2012 tax year should note that the deadline for such 
subscriptions is 12.00 p.m. on 5 April 2012. The Offer is open to existing 
shareholders and new investors. Investors' subscriptions will be divided 
equally between each of the Companies. 
 
Funds raised under the Offer will be used by each of the Companies, alongside 
their existing funds, to make investments in accordance with their existing 
investment policies, maintain liquidity and enable payment of dividends and 
costs without reducing the overall amounts available for investment. 
 
Full details of the Offer are contained in the summary, securities note and 
registration document, which together constitute a prospectus ("the 
Prospectus"), which was published by the Companies today. The Prospectus will 
shortly be available for download from the Companies' websites: 
 
  * www.migvct.co.uk 
 
  * www.mig4vct.co.uk 
 
  * www.incomeandgrowthvct.co.uk 
 
The Prospectus has also been submitted to the Financial Services Authority and 
will shortly be available for inspection at the National Storage Mechanism, 
which is located at www.hemscott.com/nsm.do. 
 
  * Matrix Private Equity Partners LLP ("MPEP") 
 
  * MPEP is the investment manager to the Companies. Since April 2004, MPEP has 
    been owned jointly by its executive partners and Matrix Group Limited. MPEP 
    has now grown to a team of six partners and ten staff with over 150 years' 
    investing experience between them. This team is wholly dedicated to the 
    management and administration of VCTs. 
 
  * On 12 January 2012, the executive partners of MPEP and Matrix Group Limited 
    agreed for the executive partners of MPEP to acquire Matrix Group Limited's 
    interest in MPEP. This will result in the executive partners acquiring 
    control of MPEP to create a fully independent firm. The acquisition is 
    subject to approval from the FSA of the change of control in MPEP and is 
    expected to be completed on or around 30 June 2012. 
 
  * The Companies' arrangements with MPEP, in particular its investment 
    approach and services, are not expected to change. The Boards look forward 
    to this new phase with their manager whilst reserving their respective 
    rights under the investment management agreements. 
 
  * Subject to the acquisition being completed and following close of the 
    Offer, it is currently intended that MPEP will leave its offices at One 
    Vine Street and that both it and the names of the VCTs under its management 
    (including, where relevant, the Companies) will be changed to remove 
    references to "Matrix". 
 
For further information, please contact: 
 
Investment Adviser to the Companies 
 
Matrix Private Equity Partners LLP 
 
Rob Brittain 
 
Telephone: 020 3206 7102 
 
 
 
END
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