Correction to Announcement of Issue of Equity a...

OCTOPUS TITAN VCT PLC

28 August 2018

Correction to Announcement of Issue of Equity and Total Voting Rights published on 24 August 2018 at 17:05.

The only change to the previous announcement is that the Admission is expected to become effective on or around 31 August 2018, not 10 September 2018.

Issue of Equity, Closure of Offer and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that 558,604 Ordinary Shares of 10p each (the "Shares") were issued and allotted today at a price of 97.7p per share, equivalent to the current NAV of 92.3p grossed up by 5.5% (as set out in the Prospectus dated 5 September 2017).

These shares were issued pursuant to an Offer for Subscription to raise up to £120 million, with an over allotment facility of £80 million, in the 2017/2018 and 2018/2019 tax years, dated 5 September 2017 (the “Offer”).

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 31 August 2018.

The Offer is now closed.

Following this allotment, the issued share capital and total voting rights of the Company are  658,081,419 now and the unaudited net assets of the Company are approximately £607 million, based on a NAV per share of 92.3p.

For further information please contact:

Parisha Kanani
Company Secretary
020 3935 3520