Investment progress update

T2 Income Fund Limited
19 March 2007


Press Release                                                                           Source: T2 Income Fund Limited.

T2 Income Fund Limited Update


GUERNSEY - 19 March 2007 - T2 Income Fund Limited (AIM: T2I) announced today an
update on its investment progress.  Since January 1, 2007, the Company has
invested in 10 companies representing approximately £24 million of invested
capital.  As of this date, the Company has invested approximately £77 million in
23 individual transactions, representing all of the initial proceeds of the
Company's equity offering (approximately £37 million) as well as approximately
£40 million of additional capital from the Company's previously announced
leverage facility, for which T2 pays LIBOR + 50 bps. The current weighted
average spread on T2's portfolio is approximately LIBOR + 470.



On February 23, 2007, the Company made a dividend payment of 2.0 pence per
ordinary share in respect of the 3 month period to 31 December 2006.

About T2 Income Fund Limited

We are a closed-ended Guernsey based exempt investment company which invests
primarily in the debt and equity securities of small to medium sized companies,
with a focus on technology-related companies.  Companies interested in learning
more about financing opportunities should contact Barry Osherow at +1 203
661-9572

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent
uncertainties in predicting future results and conditions. Any statements that
are not statements of historical fact (including statements containing the words
'believes,' 'plans,' 'anticipates,' 'expects,' 'estimates' and similar
expressions) should also be considered to be forward-looking statements. Certain
factors could cause actual results and conditions to differ materially from
those projected in these forward-looking statements. We undertake no obligation
to update such statements to reflect subsequent events.


Contact:
     Contact:

     Patrick Conroy
     [phone]

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Source: T2 Income Fund Limited


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