Disposal Agreement

Advent 2 VCT PLC
2 June 2000



ADVENT 2 VCT plc
AGREEMENT FOR SALE OF INVESTMENT IN FIRST FIBRE LTD

Advent 2 VCT plc announces that it has entered into an
agreement with ADVA AG Optical Networking ('ADVA') for the
sale of its investment in First Fibre Limited ('First
Fibre'), the UK-based designer and manufacturer of fibre
access equipment and optical networking systems.

Under the terms of the agreement, the purchase price payable
by ADVA in respect of the entire issued share capital of
First Fibre is approximately EURO 88 million (equivalent to
approximately £53.5 million).  Consideration receivable by
Advent 2 VCT will be satisfied in shares of common stock of
ADVA, quoted on the German Neuer Markt, amounting in value
at completion to some £7.1 million, corresponding to a
valuation increase of some £5.9 million over the £1.25
million cost of this investment.

The prospective valuation increase at completion corresponds
to approximately 16.8p per share of Advent 2 VCT (bringing
the net asset value at 29 February 2000, adjusted on a pro
forma basis, to 115.7p), subject to fluctuation thereafter
with movements in the price of ADVA stock.

Under the agreement, Advent 2 VCT has agreed to accept
certain restrictions over the timing of disposal of its
resulting holding of ADVA stock. The transaction is subject
to certain closing conditions, and is expected to close
during the third quarter of 2000.