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2 Foresight 2 VCT plc 06 Investment Summary — C Share Portfolio Investment portfolio as at 31 March 2008 is detailed below: Datapath Holdings Limited Supplies graphics cards and other products, used mainly to control large screen displays known as ‘videowall’. The business has grown strongly in recent years, with annualised turnover approaching £10 million. AWP Environmental Limited Is a holding company set up to develop waste to energy power stations. In October 2007, AWP acquired an established waste handling business, BCB Environmental Management Ltd, which is profitable and secures access to part of the waste stream required for the first power station. The total Foresight investment of £6 million will fund the first power station, alongside £12 million of bank debt. The company’s vision is to establish 8 geographically-distributed plants in the UK. Land Energy Limited Has been set up to generate renewable power from virgin wood, and to exploit the growing demand for wood pellets as a renewable fuel. The company plans to build 3 plants, in Wales, Scotland and England, at sites chosen for local demand for pellets and proximity to forestry resources, thereby reducing transport costs for wood supply and distribution of pellets. Our investment of £5 million will support the first plant. Heritage House Media Limited Provides contract publishing and souvenirs to the heritage market. The company is pursuing an aggressive acquisition strategy and aims to become a ‘one-stop shop’ for online services, publishing and souvenirs to the heritage market. O-Gen (UK) Limited O-Gen’s business is to develop, build, own and operate waste wood to energy and combined heat and power (‘CHP’) plants. The market is driven by government regulation and incentives. Specifically, landfill tax, which is driving waste operators towards cheaper and more efficient methods of waste disposal such that gate fees will be received by O-Gen from the waste wood (biomass) suppliers. The electricity generated from processing the wood will be sold to the National Grid and attracts Renewable Obligation Certificates (“ROCs”) which generate further revenue.
Investment Summary — C Share Portfolio Closed Loop London Limited Lynwood Group Holdings Limited Half-Yearly Financial Report for the six months ended 31 March 2008 07 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 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. Is a well established business in the UK plastic building products market that has made the transition to using waste plastic streams as its raw materials. In addition, its Intruplas operation has specialist expertise in manufacturing wood replacement products from waste plastic. It is well positioned in a growing market for recycled and sustainable goods that offer economic and environmental advantages. Based in Halifax, it plans to roll-out multiple satellite operations throughout the UK, funded by the £3 million total Foresight investment. TFC Europe Limited Supplies injection moulded technical fasteners and ring and spring products to customers across a wide range of industries, including aerospace, automotive, hydraulics and petrochemicals. Global Immersion Limited Provides planetariums and immersive theatres with projection equipment, design, installation and maintenance services. There are over 3,200 immersive theatres worldwide and it is estimated that over 108 million people visited these domes last year. The most profound change to the immersive theatre market over the last ten years has been the transition from optical-mechanical projection systems to the digital age and the company has identified a number of growth areas to target over the next five years. Iskra Wind Turbines Limited Is a manufacturer of high efficiency tree-sized wind turbines, suitable for volume manufacture, that have the best price/performance combination of any tree-sized turbine currently commercially available.
Page 1 and 2: Foresight 2 VCT plc Unaudited Half-
Page 3 and 4: Chairman’s Statement I Introducti
Page 5 and 6: Investment Summary Half-Yearly Fina
Page 7: Half-Yearly Financial Report for th
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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