Currently Being ModeratedJun 13, 2013 7:43 AM (in response to AceNeerav)
If you do not renew your match subscription, you lose all access to music in the cloud except for iTunes Store purchases. If you have removed the music from your computer, you will be able to download music back to your computer before expiry
However, please read this https://discussions.apple.com/docs/DOC-4112.
I trust that you have a back up on an external drive.