EKW Elect King Vct2

RNS Number:8000N
Electra Kingsway VCT 2 PLC
12 February 2008

                   Electra Kingsway VCT 2 Plc ("the Company")

                          Interim Management Statement

                                 February 2008





Electra Kingsway VCT 2 Plc presents its interim management statement for the
three month period from 1 October 2007 to 31 December 2007. This is the first
Interim Management Statement issued by the Company in accordance with the new EU
Transparency Directive and FSA requirements.



Rupert Pennant-Rea, Electra Kingsway VCT 2 Plc's Chairman said:



"Our outlook for the business is unchanged and much will depend on the overall
economic environment. The manager has been active in seeking new investments and
realisations through the first three months. The economic outlook and
availability of bank finance may reduce the level of realisations in the short
term and create investment opportunities for those funds with capital to invest.
"



Investments and realisations



The Company invested a total of �2.1 million in the three months to 31 December
2007. Investment for the equivalent period last year was �4.3 million.



The two largest investments in the period were �1.0 million made in The Fin
Machine Company and �1.0 million in Kingsway Acquisitions Ltd (Springrealm),
companies specialising in Manufacturing and Branded Menswear respectively.



During the three months to 31 December 2007, the Company received proceeds
totalling �4.1million (2006:�0 million) from the partial realisations of its
holding in Electra Active Management (�1.0 million), Kingsway Generalist (�1.0
million), Kingsway Retail (�1.0 million) and Electra Private Equity (�0.9
million) and Kingsway Business Services (�0.2 million).



After the quarter end the Company made three further investments totalling �0.5
million and received proceeds totalling �3.1 million from the sale of its
holding in Gyro International.



Share Buybacks



During the three months to 31 December 2007, no shares were issued and no shares
were bought back by the Company for cancellation.



Since 31st December 2007 the Company has acquired 324,050 ordinary shares for
cancellation.



The number of ordinary shares in issue was 33,602,646 as at 11th February 2008.



C Share Offer



A �25m C share issue was approved by shareholders at an EGM held on 18 October
2007. This will increase the diversity of the portfolio, allow the Investment
Manager to continue to invest in larger unquoted companies and spread the Fund's
running costs borne by shareholders.



Final Results



On 24 January 2008, the Company announced its results for the financial year
ended 30 September 2007, interim dividend and the date of the forthcoming Annual
General Meeting.



Ends



For information please contact:



Nick Ross, Director Electra Kingsway VCT 2 Plc

020 7214 4200



This statement aims to give an indication of material events and transactions
that have taken place during the period from 1 October 2007 to the date of
publication of this statement and their impact on the financial position of
Electra Kingsway VCT 2 Plc. These indications reflect the Board's current view.
They are subject to a number of risks and uncertainties and could change.
Factors which could cause or contribute to such differences include, but are not
limited to, general economic and market conditions and specific factors
affecting the financial prospects or performance of individual investments
within the Company's portfolio.


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

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