Announcement re: Change in Capital, Repurchase ...

Octopus AIM VCT plc
(the "Company")

29 September 2010

Announcement re Change in Capital, Repurchase of Deferred Shares and
Reinstatement of Share Buy Back Policy

Further to the announcement made by the Company on 8 June 2010, the Company is
pleased to report that the Special Resolutions passed by shareholders on 1 July
2010 reducing the Company's capital and cancelling its share premium account and
capital redemption reserve were confirmed by an order of the High Court of
Justice on 15 September 2010 and registered by the Registrar of Companies on 16
September 2010.  The background to the passing of the Special Resolutions, and
the requirement for a High Court order, were explained in the Circular to
shareholders dated 8 June 2010.

As a result of the above, the Company has now undertaken the repurchase of its
29,025,643 deferred shares of 49p each in issue for a maximum aggregate price of
1p.  This, therefore, completes the Company's share capital restructuring as
further detailed in the circular and announcement published by the Company on 9
July 2010.

Following this transaction, the issued share capital of the Company is now
36,961,280 ordinary shares with a nominal value of 1p each.  Therefore,the total
voting rights of the Company are 36,961,280 ordinary shares of 1p each

Accordingly, the Company is now also in a position to reinstate its share buy
back programme and resume the payment of dividends.

For further information please contact:

Celia Whitten - Company Secretary
Octopus AIM VCT Plc
20 Old Bailey
London
EC4M 7AN
Tel. No. 0207 710 2849


[HUG#1447760]








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Source: Octopus AIM VCT PLC via Thomson Reuters ONE