Oxford Technology Oxford Technology Vct Plc : Change Of Investment Manager And Appointment Of New Directors

TIDMOXT

OXFORD TECHNOLOGY VCT PLC ("OT1" or the "Company")

Change of Investment Manager and Appointment of New Directors

The Chairman's statement issued on 30 June 2015, included within the
full year results for the year to 28 February 2015 (the "Accounts
Announcement"), made reference to the intention for the Company to
become self-managed and to appoint new directors to its Board.

OT1 announces that it has appointed OT1 Managers Ltd, a wholly owned
subsidiary of OT1, as its Investment Manager. The Company is also
pleased to announce that its subsidiary has subcontracted its services
to Oxford Technology Management Ltd (the Company's previous Investment
Manager) on substantially the same terms as outlined in the Accounts
Announcement.

The Company also confirms the appointment of two new non-executive
Directors. Mr Robin Goodfellow and Mr David Livesley will join the
Board of OT1 with immediate effect. Shareholders will be asked to
confirm their appointments at the forthcoming AGM on 26 August 2015.

These appointments take place at the same time as similar appointments
being made by Oxford Technology 2 VCT plc ("OT2"), Oxford Technology 3
VCT plc ("OT3") and Oxford Technology 4 VCT plc ("OT4"). OT1, OT2, OT3
and OT4 will now have a common Board of 4 Directors (Alex Starling,
Richard Roth, Robin Goodfellow and David Livesley).

Alex Starling will continue to chair the Company. The Audit Committee
will comprise Richard Roth (chair) and Robin Goodfellow.

Mr Robin Goodfellow will remain the Chairman of OT3. Robin had 30 years
of experience in senior Accounting Manager and Internal Audit Manager
roles with ExxonMobil International, Esso Europe, Esso Petroleum and
Esso Norway. He has particular expertise in advising on and implementing
cost effective controls across total company business activities and
their accounting systems. Robin has an MA in Engineering from Cambridge
University and an MBA from the London Business School. More recently he
has been an active investor and shareholder in VCTs, EISs and other
small companies. He was a regular commentator on VCT industry
performance and current VCT company issues. He is a personal
shareholder in Scancell.

Mr David Livesley will remain the Chairman of OT4. He worked in the life
science and pharmaceutical industries before joining Cambridge
Consultants Ltd in 1987, where he was involved in product and process
development across a range of industrial sectors. Between 1999 and 2012
he worked for the YFM Group, a Venture Capital Fund Manager where he
specialised in investments in early stage technology companies. He
currently works as an independent Non-Executive director for a number of
early stage technology businesses.

Mr. Goodfellow owns 22,000 shares in the Company. Mr. Livesley owns no
shares in the Company.

The new Directors are or have been directors of the following publicly
quoted companies within the last five years.

Current Former directorships

Robin Goodfellow OT2, OT3 and OT4 None

David Livesley OT2, OT3 and OT4 None

No other information is required to be disclosed under Listing Rule
9.6.3.

Further Enquiries

Lucius Cary on 01865 784466

This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.

Source: Oxford Technology VCT plc via Globenewswire

HUG#1934126

http://www.oxfordtechnology.com/

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