OXFORD TECHNOLOGY 2 VENTURE CAPITAL TRUST PLC

Earnings Release • Aug 31, 2012

Statement on behalf of the Board

The net assets per share at 31 August 2012 were 67p compared to 69p as at 31 August 2011 and 90p as at 29 February 2012. The major reasons for the fall are: a dividend of 14p per share as paid in April resulting from the sale of Meciria and Diamond Hard Surfaces fundraising at a reduced share price. Although not yet pro fi table, the prospects for the business are encouraging. Historic Futures is growing more slowly than hoped and we have also reduced the valuation of this investment. Many other investees are making encouraging progress.

On behalf of the BoardDavid Livesley - Chairman

Unaudited Financial Information

Pr f i d Lo Ac S t a t o n ss co un for io t he Pe d to r	ix hs t mo n 3 1 Au 1 2 g	S ix hs t mo n 3 1 Au 1 1 to g	Ye to ar 2 9 1 2 Fe b
	£ '0 0 0	£ '0 0 0	£ '0 0 0
f i t / ( ) d isp l o f a Pr Lo ts o ss on os a sse
he l d a fa ir v lue t a	1 9 4	1 4 5	2, 2 9 7
l ise d g in / ( los ) fa ir Un rea a s on
lue f inv tm ts va o es en	( 1, 1 5 4 )	( 5 0 9 )	( 1 0 6 )
he inc O t r om e	1 1	-	4
O he t r e xp en ses	( 1 2 ) 5	( 1 0 8 )	( 2 0 9 )
	–– –	–– –	–– –
f i t / ( los ) d ina iv it ies Pr t o s on or ry ac
be for tax e	( 1, 0 7 4 )	( 4 7 2 )	1, 9 8 6
f i t / ( los ) d ina iv it Ta t x o n p ro s on or ry ac	ies -	-	-
f i t / ( los ) d ina iv it ies Pr t o s on or ry ac	( 1, 0 4 ) 7	( 4 2 ) 7	1, 9 8 6
ing ha ( ba ic d d i lu d ) Ea S te rn s p er re s an	( ) 9. 4 p	( ) 4. 1 p	1 7. 0p
H is ic Co Pr f i to t ts r s o	S ix hs t mo n	S ix hs t mo n	Ye to ar
d Lo No te an sse s	3 1 Au 1 2 to g £ '0 0 0	3 1 Au 1 1 to g £ '0 0 0	2 9 Fe b 1 2 £ '0 0 0
f i t / ( los ) for he f i n ia l p io d Pr t o s an c er	( ) 1, 0 7 4	( ) 4 7 2	1, 9 8 6
l ise d los / ( in ) fa ir v lue Un rea s g a on a
f inv tm ts o es en	1, 1 5 4	5 0 9	1 0 6
/ ( f i t ) d isp l o f inv Lo tm ts ss p ro on os a es en
he l d a fa ir v lue t a	( 1 9 4 )	( 1 4 5 )	( 2, 2 9 7 )
f i t / ( los ) d isp l o f inv Pr tm ts o s on os a es en
he l d a h is ica l v lue t tor a	1 9 5	3 0 0	1, 6 6 9
is ica l c f i t / ( los ) be for H tor t p tax os ro s e	8 1	1 9 2	1, 4 6 4
is ica l c f i t / ( los ) fte H tor t p r t os ro s a ax	8 1	1 9 2	1, 4 6 4

Su ise d Ba lan S he t mm ar ce e	3 1 Au 1 2 g £ '0 0 0	3 1 Au 1 1 g £ '0 0 0	2 9 Fe b 1 2 £ '0 0 0
he l d a fa ir v lue Inv tm ts t es en a	6, 6 6 2	7, 3 3 5	7, 4 2 0
O he t t c t a ts r n e urr en sse	1, 0 0 1	6 5 5	2, 9 2 9
Ne t a ts sse	–– –– 7, 6 6 3	–– –– 7, 8 9 1	–– –– 1 0, 3 4 9
	== ==	== ==	== ==
Ca i ta l a d Re p n ser ve s
Ca l le d u ha ita l p s re ca p	1, 1 5 2	1, 1 5 2	1, 1 5 2
ha ium S re p rem	8 1 3	8 1 3	8 1 3
Pr f i t d los nt o an s a cc ou	5, 7 3 3	5, 9 9 5	7, 2 6 6
lua ion Re t va re ser ve	( ) 3 5	( ) 6 9	1, 1 1 8
ha ho l de ds S ' Fu re rs n	–-– – 7, 6 6 3	–– -– 7, 8 9 1	--– – 1 0, 3 4 9
	== ==	== ==	==
Ne lue ha t a t v sse a er s re	6 7p	6 9p	== 9 0p
p	== ==	== ==	== ==
Ca h F low S ta tem t s en
for io t he Pe d r	S ix t hs mo n	S ix t hs mo n	Ye to ar
	3 1 Au 1 2 to g	3 1 Au 1 1 to g	2 9 Fe b 1 2
	£ '0 0 0	£ '0 0 0	£ '0 0 0
Ne h o f l o t c t as u w
fro ing iv it ies t t m op era ac	( ) 1 2 9	( ) 1 2 3	( ) 2 1 1
Ca ita l e d itu d f i n ia l inv p xp en re an an c es	tm t en
ha f inv Pu tm ts rc se o es en	( ) 3 9 4	( ) 8 0	( ) 2 1 0
isp l o f inv D tm ts os a es en	2, 2 1 5	6 0 1	6 0 2
	_	_	_
h o f l o fro ita l Ne t c t as u w m ca p
d itu d f i n ia l inv tm ex p en re an an c es en	1, 8 2 1 t	5 2 1	3 9 2
ina ing iss f s ha F nc ue o res -	-	2 9 7	2 9 7
i d in ion it h s ha Ex t p en ses p a co nn ec res w	iss d ue -	( ) 1 5	( ) 1 5
Ne in f l o fro f i n ing t w m an c	–– –– -	–– –– 2 8 2	–– –– 2 8 2
D iv i de ds i d n p a	( 1, 6 1 2 )	( 3 4 5 )	( 3 4 6 )
/ ( de ) in h In cre ase cre ase ca s	–– –– 8 0	–– –– 3 3 5	–– –– 1 1 7

Company Information

Directors Registrars

David Livesley (Chairman) Capita Registrars Lucius Cary Northern House

Woodsome Park Fenay Bridge Huddersfi eldWest Yorkshire HD8 0LA

Registered Offi ce Investment Manager

Magdalen Centre Oxford Technology Management Oxford Science Park Magdalen Centre Oxford Oxford Science Park OX4 4GA OxfordOX4 4GA

Secretary Brokers

James Gordon JP Morgan Cazenove 10 Aldermanbury London EC2V 7RF

Notes to the Unaudited Financial Information on pages 2 and 3

• 1 The fi nancial information for each of the interim periods ended 31 August 2012 and 31 August 2011 is unaudited and does not constitute statutory accounts within the meaning of the Companies Act 2006. It has been prepared using accounting policies consistent with those set out in the company's statutory accounts for the year ending 29 February 2012. The fi nancial information for the year ended 29 February 2012 has been extracted from the company's statutory accounts for that period which contained an unqualifi ed audit report and which have been fi led with the Registrar of Companies. The Board confi rms that the unaudited fi nance information for the 6 months ending 31 August 2012 has been prepared in accordance with IAS 34.
• 2 The calculation of earnings per share for the period is based on the return attributable to shareholders divided by the weighted average number of shares in issue during the period.
• 3 Listed investments are stated at market value based upon middle market prices at the accounting period end. The unrealised depreciation or appreciation on the valuation of investments and the gains and losses arising on the disposal of investments are dealt with in the capital reserve.
• 4 Copies of the Interim Statement are being sent to shareholders and further copies can be obtained from the Company's Registered Offi ce.

OxfordTechnology 4 Venture Capital Trust plc

Interim Statement

For the period 1 March 2012 to 31 August 2012