Mobeus I&g Regulatory News (MIX)

12 May 2010 17:04

Matrix Income & Growth VCT plc (the Company) INTERIM MANAGEMENT STATEMENT For the quarter ended 31 March 2010

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Matrix Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 31 March 2010. The statement also includes relevant financial information between the end of the period and the date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

At 31 March 2010 At 31 December 2009 Net assets attributable to £18,009,473 £16,979,370shareholders 979,370 Shares in issue 20,339,989 20,373,514 Net asset value per Ordinary 88.5 p 83.3 pShare Cumulative dividends paid 16.3 p 16.3 p Total net asset value return per 104.8 p 99.6 pshare since inception % return on opening net asset 10.9 % 4.3 %value of 94.5 pence per share

CUMULATIVE DIVIDENDS

An interim dividend of 5 pence per share in respect of the year ended 31 December 2009 was declared by the Board on 16 March 2010 and paid to Shareholders on 21 April 2010 after the quarter-end bringing cumulative dividends paid per share to 21.3 pence per share. This has no impact on total net asset value return per share shown above.

NEW INVESTMENTS AND DIVESTMENTS

The Company has made no new investments or divestments during the quarter.

Recommended proposals for the merger of the Company with Matrix Income & Growth 3 VCT plc

At Extraordinary General Meetings held on 12 May 2010 the resolutions proposed in connection with the proposed merger of the Company with Matrix Income & Growth 3 VCT plc ("MIG 3 VCT") as set out in separate circulars to shareholders dated 14 April 2010 were approved by shareholders of both companies. The merger is to be completed by way of a scheme of reconstruction of MIG 3 VCT pursuant to Section 110 of the Insolvency Act 1986 and the transfer by MIG 3 VCT of all its assets and liabilities to the Company. The effective date of the merger is anticipated to be 20 May 2010 subject to the passing of a resolution to be put to shareholders of MIG 3 VCT at a second EGM to be held on 20 May 2010 for MIG 3 VCT to be put into liquidation.

SHARE BUY-BACKS

The Company bought back 33,525 of its own Ordinary Shares at a price of 54.81 pence during the quarter ended 31 March 2010 and has not made any buy-backs since the end of the quarter.

For further information, please contact:

Sarah Penfold, for Matrix-Securities Limited, Company Secretary: 020 3206 7000.