Directorate Change

Oxford Technology 2 VCT PLC
12 July 2006



                            Regulatory Announcement
                             For Immediate Release
                                 12th July 2006

                       Richard Vessey joins the board of
                 Oxford Technology 2 Venture Capital Trust Plc


Oxford Technology 2 VCT announces that Richard Vessey is today joining the
Board. Richard Vessey (58) is a significant shareholder in the fund.  In
addition Richard has co-invested with OT2VCT in several investee companies, and
has become actively involved with some of these. In 1984, he founded Bell
Plastics Ltd, a specialist plastics manufacturing business, and Seedcorn Capital
Ltd, a fund managed by Seed Capital Ltd, the manager of Oxford Technology 2 VCT,
was the only external investor in this business. The business prospered, and was
eventually sold in 2004. Richard Vessey is now CEO of Im-Pak Technologies Ltd,
an investee of OT2VCT, a company that is pioneering several advances in plastic
injection moulding technology. Therefore in addition to his general business
experience he has particular knowledge of this company that will be useful to
the Board.

His education is as a chemical engineer from Imperial College and MBA from
Harvard, and his early career was in manufacturing companies, becoming Sales and
Marketing Director of Plastic Engineers Ltd.  In 1984 he left the conventional
career path to found Bell Plastics Ltd and subsequently co-founded two other
companies dealing in mouldable and flexible magnetic materials.   He is also
Chairman of Oxford Sensor Technologies and an active member of the UK
Shareholders Association.


Contacts:

Lucius Cary/Joanne Hoareau  OTVCT 01865 784466

www.oxfordtechnology.com






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