Issue of Equity and Total Voting Rights

OCTOPUS TITAN VCT PLC

23 October 2019

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that 32,044,741 Ordinary Shares of 10p each ("shares") were issued and allotted on 23 October 2019 at a price of 97.8p per share, equivalent to the current NAV of 92.4p grossed up by 5.5% (as set out in the Prospectus dated 16 September 2019).

These shares were issued pursuant to an Offer for Subscription to raise up to £120 million with an overallotment facility of £50 million in the 2019/2020 and 2020/2021 tax years.

Following the allotment, the issued share capital and total voting rights of the Company are now 925,821,633 and the unaudited net assets of the Company are calculated to be approximately £855,459,189 based on the last released NAV per share of 92.4p.

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 5 November 2019.

For further information please contact:

Parisha Kanani
Company Secretary
0203 935 3520