OVC2 Octopus Vct 2

 
TIDMOVC2 
 
Octopus VCT 2 PLC 
Interim Management Statement 
 
 9 November 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 July 2012 to 31 October 2012. The 
statement also includes relevant financial information between the end of the 
period and the date of this statement. 
 
Financial Summary 
                           |  Ten months to 31 October|Six months ended 30 June 
                           |                      2012|                    2012 
=--------------------------+--------------------------+------------------------ 
 Net assets (000s)         |                    18,152|                  18,097 
=--------------------------+--------------------------+------------------------ 
 Net profit before tax     |                          | 
 (000s)                    |                       104|                      49 
=--------------------------+--------------------------+------------------------ 
 Net asset value per share |                          | 
 ('NAV')                   |                     94.1p|                   93.8p 
 
 
Performance 
The NAV of the Fund has increased from 93.8p as at 30 June 2012 to 94.1 as at 
31 October 2012. This appreciation in the NAV and performance is due to income 
generated by the Fund now exceeding the 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,  GBP584,000 was returned to Octopus VCT 2 plc as 
capital repayments against the loans made to two solar companies, Helaku Power 
Limited and Shakti Power Limited. 
Top Ten Investment portfolio by value as at 31 October 2012 
+-----------------------+------------------+-------------------+---------------+ 
|                       |                  |     Carrying value|               | 
|Company                |  Investment class|               GBP'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|           2.8%| 
+-----------------------+------------------+-------------------+---------------+ 
 
Material events and transactions 
The Fund's Board is not aware of any other significant event or transaction 
which has occurred between the 1 November 2012 and the date of 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 
 
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#1656629] 
 

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