Last checked at 
20 Jan 2012 15:52
Matrix Income & Growth 2 VCT plc (the "Company")
20 January 2012
Matrix Private Equity Partners LLP ("MPEP") - Proposed Change of Ownership
MPEP is the investment manager to the Company. 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 Company's arrangements with MPEP, in particular its investment approach and services, are not expected to change. The board looks forward to this new phase with their manager whilst reserving its rights under the investment management agreement with MPEP.
Subject to the acquisition being completed, it is currently the intention that MPEP will leave its offices at One Vine Street and that both it and the names of the VCTs under its management (including the Company) will be changed to remove references to `Matrix'.
For further information, please contact:
Investment Adviser to the Company
Matrix Private Equity Partners LLPRob BrittainTelephone: 020 3206 7102
XLON