OVC2 Octopus Vct 2

 
TIDMOVC2 
 
Octopus VCT 2 PLC 
Interim Management Statement 
 
29 June 2012 
 
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 2012 to 31 May 2012. The statement 
also includes relevant financial information between the end of the period and 
the date of this statement. 
 
Financial Summary 
                               5 months to 31 May 2012 Year to 31 December 2011 
 
 Net assets ( GBP'000s)                            GBP18,086                   GBP18,048 
 
 Return/(loss) on ordinary 
 activities before tax 
 ( GBP'000s)                                           GBP38                    GBP(192) 
 
 Net asset value per share 
 ('NAV')                                         93.7p                    93.5p 
 
 
Performance 
As at 31 May 2012 the NAV of the Fund was 93.7p, which compares to 93.5p as at 
31 December 2011. The performance of the Fund has been relatively stable in the 
period under review, with a slight increase in the NAV due to loan interest 
income received by the Fund exceeding its running costs. 
 
There have been no changes to any unquoted investment valuations, with the 
entire portfolio currently valued at cost. 
 
Investment activity 
During the period under review, Octopus VCT 2 plc has invested a total of 
 GBP6.4million. Included in this were three  GBP1million investments in Borro Loan 2 
Limited, 5AM Music Limited and Game Development and Management Limited as well 
as a  GBP400,000 investment in Atlantic Screen International Limited. 
 
The remaining  GBP3million was invested into solar companies and ground source heat 
companies that have been set up to invest into the renewable energy sector. 
 
Top ten investment portfolio by value as at 31 May 2012 
+-----------------------+------------------+-------------------+---------------+ 
|                       |                  |     Carrying value|               | 
|Company                |  Investment class|               GBP'000|% of Net Assets| 
+-----------------------+------------------+-------------------+---------------+ 
|Helaku Power Limited   |             Solar|              1,550|           8.6%| 
+-----------------------+------------------+-------------------+---------------+ 
|Sula Power Limited     |             Solar|              1,000|           5.5%| 
+-----------------------+------------------+-------------------+---------------+ 
|Borro Loan 2 Limited   |      Pawn Broking|              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%| 
+-----------------------+------------------+-------------------+---------------+ 
|Shakti Power Limited   |             Solar|                650|           3.6%| 
+-----------------------+------------------+-------------------+---------------+ 
|Howbery Solar Limited  |             Solar|                600|           3.3%| 
+-----------------------+------------------+-------------------+---------------+ 
|Acquire Your Business  |                  |                   |               | 
|Limited                | Business Services|                578|           3.2%| 
+-----------------------+------------------+-------------------+---------------+ 
 
Material events and transactions 
The Fund's Board is not aware of any other significant event or transaction 
which has occurred between 1 January 2012 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: 
Stuart Nicol - Fund Manager 
Octopus Investments Limited - 0800 316 2347 
 
ENDS 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Octopus VCT 2 PLC via Thomson Reuters ONE 
[HUG#1623150] 
 

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