Interim Results

Oxford Technology 2 VCT PLC
26 September 2007

                 Oxford Technology 2 Venture Capital Trust plc
                               Interim Statement

                                 For the period

                         1 March 2007 to 31 August 2007

                     Statement on behalf of the Board

Net assets per share at 31 August 2007 were 68p and with dividends paid to date
of 6p per share,  the total return to date is 74p per share.  This compares to a
total return of 75p at 28 February 2007 and 87p at 31 August 2006.


Details of all investees are given in the newsletter, which is available on
www.oxfordtechnology.com.  OT2VCT owns significant stakes in many companies
which are making reasonable or good progress and which continue to have the
potential to deliver significant returns.  Other companies are not doing so
well, and these have been written down in value.





On behalf of the Board

John Jackson

Chairman



                        Unaudited financial information

Profit and Loss Account                        Six months           Six months          Year to
for the Period                               to 31 Aug 07         to 31 Aug 06        28 Feb 07
                                                     £000                 £000             £000



Turnover                                                7                   10               19
Expenses                                             (78)                 (85)            (161)
                                                    _____                _____            _____
Operating Profit                                     (71)                 (75)            (142)
Loss on ordinary activities before
tax
                                                     (71)                 (75)            (142)

Tax on loss on ordinary activities                      -                    -                -
                                                    _____                _____            _____
Profit/(loss) for financial period
after tax                                            (71)                 (75)            (142)
                                                    _____                _____            _____

Dividends                                               -                (300)            (300)
Retained loss                                        (71)                (375)            (442)
                                                    _____                _____            _____

Earnings Per Share                                (1.18)p              (1.25)p          (2.37)p
                                                    =====                =====            =====


Statement of Total Recognised                  Six months           Six months          Year to
Gains and Losses for the Period              to 31 Aug 07         to 31 Aug 06        28 Feb 07
                                                     £000                 £000             £000

Loss for the financial period                        (71)                 (75)            (142)

Unrealised (loss)/profit on
investments held at fair value                       (28)                  912              275
                                                    _____                _____            _____
Total (loss)/profit recognized in
the period                                           (99)                  837              133
                                                    =====                =====            =====


Summarised Balance Sheet                        31 Aug 07            31 Aug 06        28 Feb 07
                                                     £000                 £000             £000

Investments held at fair value                      4,026                4,679            4,042
Other net current assets                               33                  183              116
                                                    _____                _____            _____
Net assets                                          4,059                4,862            4,158
                                                    =====                =====            =====


Capital and Reserves
Called up share capital                               600                  600              600
Profit and loss account                             2,366                2,504            2,437
Revaluation reserve                                 1,093                1,758            1,121
                                                    _____                _____            _____
 ShareholdersO  funds                               4,059                4,862            4,158
                                                    =====                =====            =====
Net asset value per share                             68p                  81p              69p
                                                    =====                =====            =====





Cash flow Statement for the period          Six months to        Six months to          Year to 
                                                31 Aug 07            31 Aug 06        28 Feb 07
                                                     £000                 £000             £000
Net cash outflow from operating
activities                                           (26)                 (89)            (141)
Dividends paid                                          -                (300)            (300)
Capital expenditure and financial
investment
Purchase of investments                              (13)                (101)            (101)
                                                     ____                _____            _____
                                                                                                 
Net cash outflow from capital
expenditure and financial
investment                                           (13)                (101)            (101)
                                                    _____                _____            _____
Decrease in cash                                     (39)                (490)            (542)
                                                    =====                =====            =====




                   Notes to the Unaudited Financial Information

1 The financial information for each of the interim periods ended 31 August 2007
and 31 August 2006 is unaudited and does not constitute statutory accounts
within the meaning of the Companies Act 1985. It has been prepared using
accounting policies consistent with those set out in the companys statutory
accounts for the year ended 28 February 2007. The financial information for the
year ended 28 February 2007 has been extracted from the companys statutory
accounts for that period which contained an unqualified audit report and which
have been filed with the Registrar of Companies.

2 The calculation of earnings per share for the period is based on the return
attributable to shareholders divided by the weighted average number of shares in
issue during the period.

3 Listed investments are stated at market value based upon middle market prices
at the accounting period end.  The unrealised depreciation or appreciation on
the valuation of investments and the gains and losses arising on the disposal of
investments are dealt with in the capital reserve.

4 Copies of the Interim Statement are being sent to shareholders and further
copies can be obtained from the Companys Registered Office.





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