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Wednesday 12 July, 2006

Oxford Technology

Directorate Change

Oxford Technology Vent Cap Tst PLC
12 July 2006


                            Regulatory Announcement
                             For Immediate Release
                                 13th July 2006

                       Richard Vessey joins the board of
                  Oxford Technology Venture Capital Trust Plc

Oxford Technology VCT announces that Richard Vessey is today joining the Board.
Richard Vessey (58) is a significant shareholder in the fund.  In addition
Richard has co-invested with OTVCT in several investee companies, and has become
actively involved with some of these. In 1984, he founded Bell Plastics Ltd, a
specialist plastics manufacturing business, and Seedcorn Capital Ltd, a fund
managed by Seed Capital Ltd, the manager of Oxford Technology VCT, was the only
external investor in this business. The business prospered, and was eventually
sold in 2004. Richard Vessey is now CEO of Im-Pak Technologies Ltd, an investee
of OTVCT, a company that is pioneering several advances in plastic injection
moulding technology. Therefore in addition to his general business experience he
has particular knowledge of this company that will be useful to the Board.

His education is as a chemical engineer from Imperial College and MBA from
Harvard, and his early career was in manufacturing companies, becoming Sales and
Marketing Director of Plastic Engineers Ltd.  In 1984 he left the conventional
career path to found Bell Plastics Ltd and subsequently co-founded two other
companies dealing in mouldable and flexible magnetic materials.   He is also
Chairman of Oxford Sensor Technologies and an active member of the UK
Shareholders Association.

Contacts:

Lucius Cary/Joanne Hoareau  OTVCT 01865 784466
www.oxfordtechnology.com



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