Jetmask Investment

Oxford Technology 2 VCT PLC
23 November 2000

                           22nd November 2000

                               Jetmask Ltd

                                £250,000


Oxford  Technology  VCT  has invested £250,000  for  ordinary  shares  in
Jetmask  Ltd  representing about 10.4% of the equity. The  investment  is
part of a larger round with other investors.

Jetmask  is a spin out from Patterning Technologies Ltd, a company  which
was formed in 1997, funded by business angels, to develop  methods  for
creating electronic  circuits directly by ink-jet  printing  inks  which
conduct, insulate, semiconduct or emit light. PTL is  making  progress
towards this ultimate goal, but, along the way, has developed a method of
printing  and baking the etch and solder mask and ident directly  onto  a
PCB (Printed Circuit Board) blank in a single step. This replaces several
steps in the conventional production process.

The Jetmask product will be a machine capable of doing this, and first
sales are  expected in 2000. The prototype which has performed  well  in
trials produces 150 micron tracks, but it is expected that the production
units will be capable of 100 micron tracks.

The world market for ident, etch and solder masking systems is estimated
to be worth $700m per annum. The costs of operating the Jetmask system
will be slightly less than conventional means, but the capital cost for
the Jetmask system will be $185,000, which is approximately 1/3 of the
cost of the conventional equipment to do the same task.


For further information, please contact Oxford Technology 2 VCT 
on 01865 784466.