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2 Foresight 2 VCT plc 04 Investment Summary — Ordinary Share Portfolio Top ten investments by value as at 31 March 2008 are detailed below: Trilogy Communications Limited Is a world class supplier of audio communications and infrastructure equipment to the broadcast, defence, emergency management and commercial and industrial sectors. Trilogy has a reputation for innovative design, ease of operation and reliability. The company’s products and systems are used in more than 40 countries. OLED-T Limited Develops organic light-emitting display materials targeting the flat-screen display market. Its materials are well suited to small portable devices offering brighter, clearer colours, longer lifetimes and low power consumption. The company is working closely with key Far East product manufacturers which have given positive feedback. However, commercial revenues are some time away because of the lead time for building new manufacturing facilities. The $50 billion global display screen market offers strong licence revenue opportunities. alwaysON Group Limited A market leading provider of data VPNS voice over IP (VOIP) services to SMEs and public sector organisations. The company’s infrastructure is extremely secure and can be rolled out to customers quickly. Easynet and Ofsted are recent customer wins. Closed Loop London Limited Is the first plant in the UK to recycle waste PET plastic bottles into food grade packaging material. Following a £12 million private and public sector funding issue led by Foresight Group, the 35,000 tonne capacity plant also in Dagenham is expected to be fully operational by June 2008. Further funding is being provided to enable the Dagenham plant to also recycle HDPE. SkillsMarket Limited Manages CV data for recruitment agencies and operates online information exchanges. The service is highly automated, using a mix of proprietary and third-party software. The company holds data on 90% of all IT staff in the UK and its customers employ 20% of all recruitment consultants in the UK IT recruitment sector.
Half-Yearly Financial Report for the six months ended 31 March 2008 05 Investment Summary — Ordinary Share Portfolio The Bunker Secure Hosting Limited Is a high security IT data business which owns and leases 41,500 square feet of underground ex-military command centres at Ash, Greenham Common and Bawdsey. The Bunker builds, hosts and manages IT infrastructure platforms for top financial, telecoms and web-centric companies worried about terrorist and disaster threats, both physical and digital. Aigis Blast Protection Limited Produces blast protection materials. Applications include containers that can be used at airports for homeland security purposes, military vehicles and building cladding. The company is now selling products on an international basis. Infrared Integrated Systems Limited Manufactures infrared arrays and sells cameras and thermal imagers incorporating these arrays. The lead product is a people counter used by many large retail organisations and a range of hand-held thermal imaging cameras used in security and inspection applications. Ixaris Systems Limited Operates online bank accounts and a prepaid electronic payment service integrated with the VISA network. Consumers deposit funds by credit card, cash at Post Offices and similar payment points or via normal bank transfers. Oxonica plc (AIM listed) Develops products based on advanced nanomaterials which are then sold through agreements with commercial partners for end market adoption. The Company operates through two divisions, Oxonica Nanomaterials and Oxonica Diagnostics. The Nanomaterial division focuses on three product areas, namely (i) Envirox, a fuel borne additive for diesel which reduces fuel consumption and particulate emissions; (ii) cosmetic and industrial UV absorbers Optisol (used in sunscreens and anti-ageing consumer products) and Solacor (for use in industrial coatings such as paint and in plastics to prevent degradation by sunlight); and (iii) security applications using nanotechnology based marker systems for anticounterfeiting and brand protection. The Diagnostics division, using nanomaterial based tags, is developing individual tests and rapid test systems for use in detecting and quantifying diseases and other protein/DNA based biomaterials for a wide range of applications in the clinical diagnostics, life sciences, veterinary, food and bioterrorism markets. Despite the loss of a large order for Envirox in mid 2007, the Company has since made good progress with Envirox. Optisol continues to move forward and a number of good opportunities are emerging for the security technology and Solacor. The Diagnostics division made significant progress as evidenced by a further collaboration agreement with Becton Dickinson. Oxonica successfully raised £4.1 million of equity through a placing in December 2007, in which your Company participated.
Page 1 and 2: Foresight 2 VCT plc Unaudited Half-
Page 3 and 4: Chairman’s Statement I Introducti
Page 5: Investment Summary Half-Yearly Fina
Page 9 and 10: Investment Summary — C Share Port
Page 11 and 12: Income Statements for the six month
Page 13 and 14: Unaudited Income Statement (incorpo
Page 15 and 16: Unaudited Statement of Cash Flows f
Page 17 and 18: Notes to the Half-Yearly Results Ha
Page 19 and 20: Half-Yearly Financial Report for th

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