Offer Update

Octopus Second AIM VCT plc

Offer Update and Issue of Supplementary Prospectus

The board of Octopus Second AIM VCT plc ("the Company") announce that they have
published a supplementary prospectus ("the Supplementary Prospectus") relating
to the offer for subscription for new ordinary shares of 0.01p each in the
capital of the Company to raise up to £10 million.

The Supplementary Prospectus refers to the publication of the Company's annual
report and accounts for the year ended 30 November 2010 ("the 2010 Accounts"),
certain information from which is incorporated by reference into the
Supplementary Prospectus.

Copies of the Supplementary Prospectus and the 2010 Accounts have been submitted
to the Financial Services Authority and will shortly be available for inspection
at the National Storage Mechanism, which is located at:



http://www.hemscott.com/nsm.do.

Copies of the Supplementary Prospectus and the 2010 Accounts will also be
available from the Company's website www.octopusinvestments.com

For further information, please contact:

Celia Whitten
Company Secretary
Telephone: [phone]







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Source: Octopus Second AIM VCT plc via Thomson Reuters ONE

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