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Oxford Technology (HVN)

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Wednesday 03 October, 2001

Oxford Technology

Interim Results-Replacement

Oxford Technology Vent Cap Tst PLC
3 October 2001


   The issuer advises that the following replaces the interim results
announcement released today at 12:42 under RNS Number 0713L. The column
headings have been amended and are not as previously stated. All other details
remain unchanged. The fully amended text appears below.


                 Oxford Technology Venture Capital Trust plc

                              Interim Statement

                                For the period

                        1 March 2001 to 31 August 2001

                       Statement on behalf of the Board


There has been good progress in some investments, particularly in Scancell and
Valid Information Systems, although their valuations at 31 August 2001 do not
yet reflect this progress. However, the share price of Getmapping plc and the
value of the shareholdings in Equitalk and Synaptica have fallen. The net
assets per share at 31 August 2001 were £1.12 compared to £1.11 at 31 August
2000 and £1.19 at 28 February 2001. The Board remains pleased with the overall
development of the portfolio.

  Details of the investments are given in the September 2001 newsletter.


On behalf of the Board.

John Jackson

Chairman

1 October 2001

Summarised Statement of Total                           Six       Six      Year
                                                     months    months  1 Mar 00
Return for the period                                                  
                                                 1 Mar 01  1 Mar 00 to 28 Feb 01
                                                 to 31 Aug to 31 Aug    
                                                         01        00
                                                                          
                                                      £'000     £'000     £'000

Gain/(losses) on investments                          (268)       203       623

Income                                                   13        18        23

Expenses                                               (57)      (65)     (137)
                                                      _____     _____     _____
Net return before taxation                            (312)       156       509

Tax on ordinary activities                                -         -         4
                                                      _____     _____     _____
Return attributable to equity shareholders            (312)       156       513

Dividends in respect of equity shares                     -         -         -
                                                      _____     _____     _____
Transfers to reserves                                 (312)       156       513
                                                      =====     =====     =====

Revenue earnings per share                          (0.91)p   (0.97)p   (2.27)p

Capital return per share                            (5.52)p     4.18p    12.84p

Total return per ordinary share                     (6.43)p     3.21p    10.57p
                                                      =====     =====     =====

Summarised Balance Sheet                          31 Aug 01 31 Aug 00 28 Feb 01
                                                      £'000     £'000     £'000

Unquoted investments                                  5,046     5,063     5,281
Quoted investments                                      308         -       259
Government stocks                                         -         -         -
Other net current assets                                 87       333       213
                                                      _____     _____     _____
Net assets                                            5,441     5,396     5,753
                                                      =====     =====     =====
Capital and Reserves
Called up share capital                                 485       485       485
Share premium: Share issues                           4,368     4,368     4,368
Expenses on share issues                              (261)     (261)     (261)
                                                      _____     _____     _____
                                                      4,592     4,592     4,592
Capital reserve - unrealised                          1,807       889     2,075
realised                                              (775)       (9)     (775)
Revenue reserve                                       (183)      (76)     (139)
                                                      _____     _____     _____
                                                      5,441     5,396     5,753
                                                      =====     =====     =====
Net asset value per share                              112p      111p      119p
                                                      =====     =====     =====

Cash flow statement for the period                      Six       Six      Year
                                                     months    months  1 Mar 00
                                                   1 Mar 01  1 Mar 00 to 28 Feb
                                                  to 31 Aug to 31 Aug        01
                                                         01        00
                                                                          
                                                      £'000     £'000     £'000

Net cash inflow/(outflow) from operating               (91)      (11)      (96)
activities

Taxation recovered                                        -         -         4

Capital expenditure and financial investment
                          Purchase of investments      (68)     (648)     (800)
                        Redemption of investments         -       900     1,019
                                                      _____     _____     _____
Net cash outflow for capital expenditure and           (68)       252       219
financial investment

Dividends paid                                            -         -         -
                                                      _____     _____     _____
Net cash inflow/(outflow) before financing            (159)       241       127
Financing
                                  Issue of shares         -         -         -
                                                      _____     _____     _____
Net cash inflow from financing                            -         -         -
                                                      =====     =====     =====
Increase/(decrease) in cash                           (159)       241       127
                                                      =====     =====     =====