Octopus VCT 2 PLC

Octopus VCT 2 PLC : Interim Management Statement

Octopus VCT 2 PLC : Interim Management Statement

Octopus VCT 2 PLC
Interim Management Statement

3 June 2013

In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency rules, Octopus VCT 2 plc ("Fund" or "Company") presents an Interim Management Statement for the period 1 January 2013 to 30 April 2013. The statement also includes relevant financial information between the end of the period and the date of this statement.

Financial Summary

   4 months to 30 April 2013Year to 31 December 2012
Net assets (£'000s) 18,190 18,180
Return/(loss) on ordinary activities before tax (£'000s) 10 132
Net asset value per share ('NAV') 94.2p 94.2p

As at 30 April 2013 the NAV of the Fund was 94.2p, showing no change to the NAV as at 31 December 2012. As the consistency in the NAV shows, the performance of the Fund has been relatively stable in the period under review, with a small increase in the net assets as loan interest income received by the Fund exceeds its day to day running costs, an increase not yet significant enough to move the NAV per share.

There have been no changes to any unquoted investment valuations, with the entire portfolio currently valued at cost.

Investment activity
No investments have been made or realised during the period and a total of £17.5 million remains invested in unquoted investments.

Top ten investment portfolio by value as at 30 April 2013

CompanyInvestment classCarrying value £'000% of Net Assets
Helaku Power Limited Solar 1,460 8.0%
Sula Power Limited Solar 1,000 5.5%
Borro Loan 2 Limited Consumer finance 1,000 5.5%
Caspian Heat Limited Ground source heat 1,000 5.5%
Superior Heat Limited Ground source heat 1,000 5.5%
5AM Music Limited Media 1,000 5.5%
Game Development and Management Limited Media 1,000 5.5%
Howbery Solar Limited Solar 600 3.3%
Acquire Your Business Limited Business services 578 3.2%
Aashman Power Limited Solar 500 2.7%

Material events and transactions
The Fund's Board is not aware of any other significant event or transaction which has occurred between 1 January 2013 and the date of the publication of this statement which would have a material impact on the financial position on the Fund.

For further information please contact:
Benjamin Davis - Fund Manager
Octopus Investments Limited - 0800 316 2347


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information contained therein.

Source: Octopus VCT 2 PLC via Thomson Reuters ONE