Last checked at 
18 Mar 2010 10:20
Matrix Income & Growth 2 VCT plc (the Company) UNAUDITED INTERIM MANAGEMENT STATEMENT For the quarter ended 31 January 2010 In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UKListing Authority, Matrix Income & Growth 2 VCT plc presents an InterimManagement Statement for the quarter ended 31 January 2010. The statement alsoincludes relevant financial information between the end of the period and thedate of this statement.NET ASSET VALUE PER SHARE Ordinary Share Fund C Share Fund 31 January 31 October 31 January 31 October 2010 2009 2010 2009 Net assets attributable £7,593,455 £7,464,008 £15,003,500 £14,853,313to shareholders Shares in issue 11,259,333 11,259,333 17,346,339 17,396,263 Net asset value per 1p Share: - Excluding current year 67.8 p 66.4 p 86.9 p 85.6 pincome - Including current year 67.4 p 66.3 p 86.5 p 85.4 pincome SHARE BUY-BACKS
On 15 January 2010 the Company bought back 49,924 C Shares at a cost of 55.49p per share.
No Ordinary Shares were bought back during the period.
INVESTMENT PORTFOLIO
In November, both Share Funds participated in a follow-on investment in British International Holdings Limited. The Ordinary Share Fund invested £133,252 and the C Share Fund invested £26,748 in the form of secured loan notes as part of a working capital injection by shareholders.
The Company successfully realised its investment in PastaKing Holdings, the Newton Abbot based supplier of fresh pasta meals for proceeds of £737,918 for the Ordinary Share Fund and £514,393 for the C Share Fund. This realisation contributed to total proceeds over the life of the investment of £895,350 for the Ordinary Share Fund and £627,868 for the C Share Fund, representing a 3.25x return on the original investment costs of £274,624 and £191,720 respectively.
In December, the Company invested in Iglu.com Holidays Limited via the acquisition company Barnfield Management Investments Limited. The Ordinary Share Fund invested £437,309 alongside £562,691 from the C Share Fund as part of the acquisition by Matrix-advised VCTs of Iglu.com Limited, a specialist provider of cruise and ski holidays.
Digico Europe made a further partial repayment of loan stock of £128,018 plus a premium of £9,533 for the Ordinary Share Fund and the C Share Fund received £ 89,373 plus a premium of £6,655.
Please note that all the information above is unaudited.
Other than described above, there were no material events during the period and to the date of this announcement.
For further information, please contact:Robert Brittain, for Matrix-Securities Limited, Company Secretary: 020 3206 7102
MATRIX INCOME & GROWTH 2 VCT PLC