Portfolio Update

Octopus AIM VCT plc

19 August 2020

Portfolio Update

The investment portfolio of Octopus AIM VCT plc (the "Company") as at 19 August 2020 is as follows (the valuations being the unaudited valuations, at bid price, as at 31 July 2020):

Investee Company	Sector	Book cost (£000)	Movement in valuation (£000)	Fair Value (£000)
GB Group plc	Software and Computer Services	638	6,298	6,936
Learning Technologies Group plc	Software and Computer Services	1,051	5,112	6,163
Breedon Group plc	Construction and Materials	859	4,579	5,438
Ergomed plc	Pharmaceuticals and Biotechnology	1,440	3,461	4,901
Mattioli Woods plc	Investment Banking and Brokerage Services	529	2,203	2,732
EKF Diagnostics Holdings plc	Medical Equipment and Services	931	1,727	2,658
Brooks Macdonald Group plc	Investment Banking and Brokerage Services	746	1,898	2,644
Ixico plc	Pharmaceuticals and Biotechnology	1,046	1,494	2,540
Judges Scientific plc	Electronic and Electrical Equipment	314	2,156	2,470
Trackwise Designs plc	Technology Hardware and Equipment	2,407	(61)	2,346
IDOX plc	Software and Computer Services	353	1,922	2,275
Creo Medical Group plc	Medical Equipment and Services	1,471	789	2,260
Diaceutics plc	Health Care Providers	930	1,272	2,202
Craneware plc	Health Care Providers	183	1,997	2,180
Intelligent Ultrasound Group plc	Medical Equipment and Services	1,918	116	2,034
Gear4music Holdings plc	Leisure Goods	557	1,408	1,965
Cello Health plc	Health Care Providers	895	1,054	1,949
Popsa Holdings Ltd*	Software and Computer Services	960	796	1,756
Sosandar plc	Retailers	1,853	(223)	1,630
PCI-Pal plc	Software and Computer Services	1,415	152	1,567
Gamma Communications plc	Telecommunications Service Providers	366	1,140	1,506
RWS Holdings plc	Industrial Support Services	143	1,324	1,467
Renalytix AI plc	Medical Equipment and Services	307	1,114	1,421
Quixant plc	Technology Hardware and Equipment	587	814	1,401
llika plc	Energy	813	488	1,301
VR Education Holdings plc	Software and Computer Services	979	294	1,273
Access Intelligence plc	Software and Computer Services	806	405	1,211
Maxcyte Inc	Pharmaceuticals and Biotechnology	1,035	171	1,206
Scientific Digital Imaging plc	Medical Equipment and Services	179	1,027	1,206
The Panoply Holdings plc	Software and Computer Services	979	212	1,191
Hasgrove plc*	Media	88	1,103	1,191
Synairgen plc	Pharmaceuticals and Biotechnology	203	955	1,158
Gooch & Housego plc	Technology Hardware and Equipment	422	629	1,051
C4X Discovery Holdings plc	Pharmaceuticals and Biotechnology	900	150	1,050
Netcall plc	Software and Computer Services	308	728	1,036
Adept Technology Group plc	Telecommunications Service Providers	601	411	1,012
Next Fifteen Communications Group plc	Media	515	390	905
Beeks Financial Cloud Group plc	Software and Computer Services	450	450	900
Advanced Medical Solutions Group plc	Medical Equipment and Services	743	139	882
Animalcare Group plc	Pharmaceuticals and Biotechnology	306	574	880
Fusion Antibodies plc	Health Care Providers	745	101	846
Clinigen Group plc	Pharmaceuticals and Biotechnology	701	119	820
Restore plc	Industrial Support Services	256	433	689
LoopUp Group plc	Software and Computer Services	296	355	651
British Honey Company plc	Retailers	600	27	627
Osirium Technologies plc (Loan Notes)	Software and Computer Services	600	0	600
Vertu Motors plc	Retailers	1,265	(673)	592
Vectura Group plc	Software and Computer Services	498	52	550
Equals Group plc	Industrial Support Services	948	(482)	466
Rosslyn Data Technologies plc	Software and Computer Services	429	0	429
WANdisco plc	Software and Computer Services	145	283	428
Cloudcall Group plc	Software and Computer Services	570	(154)	416
Feedback plc	Electronic and Electrical Equipment	300	75	375
TP Group plc	Aerospace and Defense	648	(276)	372
Genedrive Plc	Pharmaceuticals and Biotechnology	361	(27)	334
DP Poland plc	Travel and Leisure	1,016	(685)	331
Cambridge Cognition Holdings plc	Health Care Providers	601	(300)	301
Falanx Group Limited	Industrial Support Services	900	(600)	300
MyCelx Technologies Corporation	Oil, Gas and Coal	1,470	(1,201)	269
Maestrano Group plc	Software and Computer Services	636	(382)	254
airNow plc*	Software and Computer Services	1,257	(1,007)	250
DXS International plc	Software and Computer Services	300	(75)	225
KRM22 plc	Closed End Investments	681	(483)	198
Velocity Composites plc	Aerospace and Defense	799	(630)	169
Mears Group plc	Industrial Support Services	139	23	162
Osirium Technologies plc	Software and Computer Services	1,350	(1,192)	158
Microsaic Systems plc	Electronic and Electrical Equipment	1,384	(1,229)	155
Enteq Upstream plc	Oil, Gas and Coal	1,032	(913)	119
Fusionex International plc*	Software and Computer Services	282	(164)	118
Staffline Group plc	Industrial Support Services	334	(232)	102
ReNeuron Group plc	Pharmaceuticals and Biotechnology	324	(249)	75
Escape Hunt plc	Travel and Leisure	988	(937)	51
Tasty plc	Travel and Leisure	622	(585)	37
Rated People Ltd*	Software and Computer Services	354	(319)	35
Diurnal Group plc	Pharmaceuticals and Biotechnology	132	(101)	31
Dods Group plc	Media	203	(173)	30
1Spatial plc	Software and Computer Services	300	(277)	23
Haydale Graphene Industries plc	Industrial Materials	598	(585)	13
Bond International Software plc	Software and Computer Services	2	2	4
Midatech Pharma plc	Pharmaceuticals and Biotechnology	600	(596)	4
Location Sciences Group plc	Software and Computer Services	764	(763)	1

Since 31 July 2020 there have been no new investments

Since 31 July 2020 there have been 6 disposals with a value of £3,092,482

Unless otherwise stated, all the investments set out above:

- are quoted on AIM or on the London Stock Exchange Full List
- represent equity investments except in the case Osirium which include investment via loan stock: and
- are in portfolio companies incorporated in the UK with the exception of:

Mycelx – USA
VR Education Holdings plc – Ireland
Maxcyte Inc – USA
Breedon Group – Jersey
Fusionex International – Jersey
Falanx Group Limited – Birtish Virgin Islands

*Denotes unlisted company

Current Asset Investments

Investee Company	Sector	Book cost (£000)	Movement in valuation (£000)	Fair Value (£000)
Octopus UK Micro Cap Growth Fund	n/a	3,480	1,231	4,711
Octopus Portfolio Manager - Conservative Capital Growth	n/a	2,523	213	2,736
Octopus Portfolio Manager - Defensive Capital Growth	n/a	2,336	161	2,497
Octopus UK Multi Cap Income Fund	n/a	1,869	53	1,922
Money Market Funds	n/a	1,326	0	1,326

Since 31 July 2020 there have been no new investments or disposals of current asset investments.
For further information, please contact:

Graham Venables
Octopus Company Secretarial Services Limited

Tel:  [phone]