Last checked at 
19 Nov 2009 15:24
Matrix Income & Growth 2 VCT plc ("the Company")
19 November 2009
Realisation of investment in PastaKing Holdings Limited
The Board of Matrix Income & Growth 2 VCT plc is pleased to announce that the Company has fully realised its investments by the Ordinary and C Share Funds in PastaKing Holdings Limited ("PastaKing"), the Newton Abbott based award winning supplier of fresh pasta meals to the education sector and industry. PastaKing was sold on 14 November 2009 to NBGI Private Equity.
The Ordinary Share Fund received net proceeds of 731k from the realisation which contributed to total proceeds of 891k over the life of the investment, representing a 3.25 fold gain on the Ordinary Share Fund's original investment of 274,624.
The C Share Fund received net proceeds of 510k from the realisation which contributed to total proceeds of 622k over the life of the investment, representing a 3.25 fold gain on the C Share Fund's original investment of 191,720.
The proceeds realised above were reflected in the most recently announced net asset values per share at 31 July 2009, so the sale has no material impact on the Company's net asset values.
The Board intends to announce the Company's unaudited net asset values as at 31 October 2009 as part of the Half-Yearly results announcement by the end of December 2009.
MATRIX INCOME & GROWTH 2 VCT PLC