Investment progress update

T2 Income Fund Limited 19 March 2007 Press Release Source: T2 Income Fund Limited. T2 Income Fund Limited Update GUERNSEY - 19 March 2007 - T2 Income Fund Limited (AIM: T2I) announced today an update on its investment progress. Since January 1, 2007, the Company has invested in 10 companies representing approximately £24 million of invested capital. As of this date, the Company has invested approximately £77 million in 23 individual transactions, representing all of the initial proceeds of the Company's equity offering (approximately £37 million) as well as approximately £40 million of additional capital from the Company's previously announced leverage facility, for which T2 pays LIBOR + 50 bps. The current weighted average spread on T2's portfolio is approximately LIBOR + 470. On February 23, 2007, the Company made a dividend payment of 2.0 pence per ordinary share in respect of the 3 month period to 31 December 2006. About T2 Income Fund Limited We are a closed-ended Guernsey based exempt investment company which invests primarily in the debt and equity securities of small to medium sized companies, with a focus on technology-related companies. Companies interested in learning more about financing opportunities should contact Barry Osherow at +1 203 661-9572 Forward-Looking Statements This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words 'believes,' 'plans,' 'anticipates,' 'expects,' 'estimates' and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. We undertake no obligation to update such statements to reflect subsequent events. Contact: Contact: Patrick Conroy +1 203 983-5282 ------------------------- Source: T2 Income Fund Limited This information is provided by RNS The company news service from the London Stock Exchange