Interim Management Statement

Octopus Titan VCT 2 plc
                  

For the period from 12 October 2007 to 29 February 2008

In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and
Transparency rules, Octopus Titan VCT 2 plc presents an Interim Management
Statement for the period 12 October 2007 to 29 February 2008. The statement also
includes relevant financial information between the end of the period and the
date of this statement.

Financial highlights

-0-
*T
Ordinary shares                                      As at 29 February 2008
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Total net assets                                                      £3.1m
Net asset value per share                                             93.4p
Share price                                                          100.0p
Premium to Net Asset Value                                             7.1%
*T

Investment performance

During the period under review, the Fund was actively seeking investors rather
than looking to make investments. As such, no qualifying investments were held
at the period end.

Investment objective

The Fund will invest in a diversified portfolio of UK smaller companies with the
intention of providing attractive tax-free dividends and long-term capital
growth to its investors. The focus of the Fund is on generating absolute returns
over the medium-term. In order to achieve this, the Fund will focus on providing
early stage, development and expansion funding to unquoted companies with a
typical deal size of £0.25 million to £1 million.

Material events and transactions

The Fund's board is not aware of any significant event or transaction which has
occurred between 1 March 2008 and the date of publication of this statement
which would have a material impact on the financial position on the Fund, other
than the allotment of 455,439 shares on 3 March 2008 for gross proceeds of
£453,350.

For further information please contact:
Octopus Investments Limited - 020 7710 2800