Directorate change

For Immediate Release
23 September 2010





                          OXFORD TECHNOLOGY 2 VCT PLC
                                (the "Company")

                                 Board Changes

In  common with  all other  venture capital  trusts, the  Company is required to
comply with Listing Rules 15.2.11-13A, 15.4.7 and 15.6.8 from 29 September 2010.
Amongst  other things,  these Listing  Rules prohibit  the majority of the Board
being  made up of persons  who are also directors  of other companies managed by
the Company's investment manager
Oxford  Technology Management  Limited also  manages Oxford  Technology VCT plc,
Oxford Technology 3 VCT plc and Oxford Technology 4 VCT plc.  The four directors
of the Company are also directors of the other three Oxford Technology VCTs.
With  immediate effect, John Jackson and Richard  Vessey will step down from the
board.   Michael O'Regan will remain as an independent Director and be appointed
as Chairman.  Lucius Cary, currently a Director, remains in that role.
Similar changes are being made by the other three Oxford Technology VCTs.

Further Enquiries

Lucius Cary or Joanne Hoareau on 01865 784466


[HUG#1446330]








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Source: Oxford Technology 2 VCT plc via Thomson Reuters ONE