Result of placing

T2 Income Fund Limited
25 June 2007



RNS Number:
T2 Income Fund Limited
25 June 2007


Not for release, publication or distribution in, or into, the United States,
Australia, Canada or Japan



25 June 2007

                             T2 Income Fund Limited


                    RESULT OF PLACING OF NEW ORDINARY SHARES


T2 Income Fund Limited (the 'Company') announces that, further to the
announcement on 22 June 2007 (the 'Announcement'), a total of 5 million new
ordinary shares in the Company (the 'Placing Shares') have been placed by
JPMorgan Cazenove at a price of 101.75 pence per Placing Share, raising gross
proceeds of approximately £5,087,500 (the 'Placing').

The Placing Shares will be issued credited as fully paid and will rank pari
passu with the Company's existing ordinary shares, including the right to
receive all dividends and other distributions declared, made or paid on or in
respect of such shares after the date of issue of the Placing Shares.
Application has been made for admission of such Shares to trading on the AIM
Market of the London Stock Exchange plc.  Grant Thornton Corporate Finance acts
as Nominated Adviser to the Company.  Dealings in these Placing Shares are
expected to commence on 28 June 2007.  Following admission of these Placing
Shares there will be 43,000,000 ordinary shares in issue.

Jonathan Cohen, chief executive officer of the Investment Manager, and Saul
Rosenthal, president of the Investment Manager and Non-Independent Director of
the Company both participated in the placing subscribing for 125,000 Placing
Shares each, taking their existing holdings in the Company to 129,000 ordinary
shares (0.3% of the total voting rights of the Company) and 125,000 ordinary
shares (0.3% of the total voting rights of the Company) respectively.  Mr Cohen
and Mr Rosenthal additionally each hold an interest through an option previously
granted to the Investment Manager by the Company of 1,194,444 ordinary shares
(2.5% of the total voting rights of the Company, on the basis of the issued
share capital of the Company following exercise of the option).

The shareholdings of existing substantial shareholders may change following the
issue of the Placing Shares.  The Company will issue a notification at a later
date if it becomes aware of any relevant changes in such shareholdings that are
required to be notified in accordance with Rule 17 of the AIM Rules.



Enquiries:

T2 Income Fund Limited:
T2 Income Fund Limited:
Patrick Conroy, [phone]


Grant Thornton Corporate Finance (Nominated Adviser):
Philip Secrett / Fiona Kindness, [phone]


JPMorgan Cazenove:
Angus Gordon Lennox, [phone]



Defined terms used in this announcement have, unless the context otherwise
requires, the same meaning given to them in the Announcement.

This announcement has been issued by and is the sole responsibility of T2 Income
Fund Limited.

JPMorgan Cazenove is acting for the Company and no-one else in relation to the
Placing and will not be responsible to any person other than the Company for
providing the protections afforded to clients or for providing advice in
relation to the Placing or in relation to the contents of this announcement or
any other transaction, arrangement or matter referred to herein.

This announcement is for information purposes only and does not constitute an
offer to issue or sell, or the solicitation of an offer to acquire or buy, any
securities to any person in any jurisdiction.  In particular, this announcement
does not constitute an offer to issue or sell, or the solicitation of an offer
to acquire, buy or subscribe for, any securities in the United States, Canada,
Australia and Japan.

The Placing Shares have not been, nor will they be, registered under the
Securities Act or with any securities regulatory authority of any State or other
jurisdiction of the United States, and accordingly may not be offered, sold or
transferred within the United States except pursuant to an exemption from, or in
a transaction not subject to, registration under the Securities Act.  No public
offering of the Placing shares will be made in the United States.  The Placing
Shares are being offered and sold outside the United States to persons who are
not U.S. persons as defined in and in accordance with Regulation S under the
Securities Act ('U.S. Persons').  The Company has not been and will not be
registered under the Investment Company Act and investors will not be entitled
to the benefits of such registration.






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