Downing Planned Exit VCT 2 plc is a venture capital trust. The Company�s principal objectives are to maintain VCT status to enable shareholders to benefit from tax reliefs available on an investment in a VCT; reduce the risks normally associated with VCT investments; target a tax-free return to investors of at least 9% per annum (based on a cost of 70p per share net of income tax relief) over the life of the shares (expected to be approximately six years, and target an annual dividend of at least 5p per share. The Company holds at least 70% of its investments in qualifying companies. At least 30% of the Company�s qualifying investments (by value) are held in eligible shares being ordinary share capital. At least 10% of each investment in a qualifying company is held in eligible shares by cost at time of investment. The Company's investment manager is Downing Managers 2 Limited.