Octopus Titan VCT plc : Issue of Equity

OCTOPUS TITAN VCT PLC

26 March 2018

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that 64,060,792 Ordinary Shares of 10p each ("shares") were issued and allotted on 26 March 2018 at a price of 103.0p per share, equivalent to the current NAV of 97.3p 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.

Following today's allotment, the issued share capital and total voting rights of the Company are now  632,669,380 and the unaudited net assets of the Company are calculated to be approximately £615 million, based on the last released NAV per share of 97.3p.

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 10 April 2018.

For further information please contact:

Nicola Board
Company Secretary
0207 776 8663

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Source: Octopus Titan VCT plc via Globenewswire