New Investment

Oxford Technology 2 VCT PLC
16 July 2001



Oxford Technology 2 VCT has recently invested a further £250,000 in
Intellikraft Ltd, in addition to converting its existing 150,000 preference
shares into ordinary shares (on the same terms). The investment was part of a
larger fundrsaising round of about £4million.


Intellikraft Ltd was formed to develop and exploit advances in piezoelectric
technology, much of which stemmed from Russian research during the 1990's. The
technology was obtained by CFB, an Isle of Man based technology incubator, and
Intellikraft Ltd was subsequently spun out of this company and set up at the
Begbroke Science Park in Oxfordshire. At the heart of the patent protected
technology is a process for producing a piezoelectric crystal that can deliver
significantly more current than conventional piezoelectric materials. The main
purpose of current fundraising is to begin to commercialise the first
Intellikraft application - a better rechargeable battery.


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