Dividend Declaration-Replace

Oxford Technology 2 VCT PLC
02 March 2006



                             For Immediate Release

                    Regulatory Announcement - 2nd March 2006

                 Oxford Technology 2 Venture Capital Trust Plc

                        Dividend of 5 pence per share


The issuer advises that the following replaces the Dividend Declaration
announcement released 02/03/06 at 13:53 under RNS number 2056Z.  The ex-dividend
date should be the 8th March 2006 and the record date should read the 10th March
2006.  All other details remain unchanged and the full amended text appears
below.


                 Oxford Technology 2 Venture Capital Trust Plc

                          Dividend of 5 pence per share


On 1 March, the High Court granted an order (the Order) enabling the Company to
cancel its share premium account.  The Order was registered at Companies House
today.


As a result of the cancellation of its share premium account, the Company is
able to pay a dividend.


At a Board meeting held today, it was resolved to pay a cash dividend of 5 pence
on each ordinary share of 10 pence each.


No scrip alternative is offered and no dividend reinvestment plan is in place.
However shareholders should be aware that a prospectus for Oxford Technology 4
VCT was issued on February 2nd and expects to remain open until April 5th 2006.



As the Company is a venture capital trust, the dividend is not treated as income
in the hands of qualifying investors.



The ex-dividend date is 8 March 2006.
The record date for the dividend is 10 March 2006.
The payment date is 28 March 2006.


Further information

Matthew Frohn or Lucius Cary    01865 784466






                      This information is provided by RNS
            The company news service from the London Stock Exchange