Disposal - of investment in Iglu.com Holidays Limited

7 Jun 2012 09:53

Matrix Income & Growth 2 VCT plc

7 June 2012

Realisation of investment in Iglu.com HolidaysLimited

The Board of Matrix Income & Growth 2 VCT plc is pleased to announce that the Company has realised its investment in Iglu.com Holidays Limited through a sale to Growth Capital Partners for cash proceeds of £1,455,265. This realisation contributed to total cash proceeds of £2,530,413 to the Company over the life of the investment, representing a 2.5 times return on the Company's original investment of £1 million. This transaction in isolation equates to an uplift in NAV of approximately 0.77 pence per share over the NAV per share of 100.84p as at 31 January 2012, which was announced on 16 March 2012.

Iglu is the UK's largest specialist ski holiday, and a fast growing cruise holiday, travel agent.

For further information, please contact:

Robert Brittain, for Matrix Private Equity Partners LLP, Company Secretary 020 3206 7000.