AGM Statement and Interim Dividend

    Core VCT II plc - Announcement of Change in date of Annual General Meeting for
2008 and declaration of Interim Dividend

The Annual Report for the year ended 31 December 2007, including a Notice of
the Annual General Meeting ("AGM") of the Company, was sent to shareholders
ahead of the AGM that was to be held on 4 June 2008. The Board was subsequently
notified that, due to a clerical error, the Notice referred to "Core VCT I plc"
rather than "Core VCT II plc".

The Board decided, having taken appropriate legal advice and in the interests
of the Company and its shareholders, to correct this position to ensure that no
doubt arises in future that each of the resolutions contained in the Notice was
validly passed. The Company did not proceed with its AGM on 4 June 2008. The
Board has decided that the Company will hold its AGM on a revised date of 14
July 2008 at 9.30 am at the offices of Core Capital LLP, 103 Baker Street,
London W1U 6LN. A new Notice of the AGM will be issued so as to reach
shareholders within the required statutory notice period.

One of the resolutions contained in the Notice already sent to shareholders
proposed that a final dividend of 2p per 0.01p Ordinary Share be declared.
Rescheduling the AGM for 14 July 2008 would delay payment of this dividend. So
that shareholders are not disadvantaged by the change in the date of the AGM,
the Board decided, on 4 June 2008, to pay an interim dividend for the year
ending 31 December 2007 of 2p per 0.01p Ordinary Share, which will be paid on
23 June 2008. The resolution proposing the final dividend has therefore been
withdrawn and will not be proposed at the rescheduled AGM.

Should you have any queries please do not hesitate to contact Matrix-Securities
Limited, the Company Secretary, on 020 7925 3300.


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