Issue of Equity and Total Voting Rights

OCTOPUS TITAN VCT PLC

21 March 2019

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that 86,947,068 Ordinary Shares of 10p each ("shares") were issued and allotted on 20 March 2019 at a price of 98.6p per share, equivalent to the current NAV of 93.1p grossed up by 5.5% (as set out in the Prospectus dated 13 September 2018).

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 2018/2019 and 2019/2020 tax years, dated 13 September 2018.
Included within the allotment:

Mr Thomas Leader, a director of the Company, was allotted 8,024 Ordinary Shares at a price per share of 98.6p and his holding is now 8,024, representing less than 0.1% of the Company’s issued Ordinary share capital.

Following today’s allotment, the issued share capital and total voting rights of the Company are now 823,474,205 and the unaudited net assets of the Company are calculated to be approximately £766,654,485.00, based on the last released NAV per share of 93.1p.

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 3 April 2019.

For further information please contact:

Parisha Kanani
Company Secretary
0203 935 3520