EGM Results

Octopus IHT AIM VCT plc ("Company")

EGM Results

4 August 2010

The  Board announces  that at  the extraordinary  general meeting of the Company
held   on  4 August  2010, the  resolutions  proposed  in  connection  with  the
redesignation  of  the  Company's  share  capital  and  the proposed merger with
Octopus  Second AIM  VCT plc  ("Second AIM  VCT") (to  be completed  by way of a
scheme  of  reconstruction  of  Second  AIM  VCT  pursuant to Section 110 of the
Insolvency  Act 1986 ("Scheme") and the transfer by Second AIM VCT of all of its
assets  and  liabilities  to  the  Company),  as  set  out  in  the  circular to
shareholders dated 9 July 2010, were duly passed as follows:

  * Resolution 1 to redesignate the share capital of the Company into ordinary
    shares of 0.01p each and amend and substitute the existing articles of
    association;
  * Resolution 2 to approve the acquisition of the assets and liabilities of
    Second AIM VCT and the allotment of shares pursuant to the Scheme;
  * Resolution 3 to authorise the directors to allot shares, disapply
    pre-emption rights and authorise the Company to make market purchases of
    shares;
  * Resolution 4 to approve the cancellation of the share premium account of the
    Company;
  * Resolution 5 to approve the cancellation of the capital redemption reserve
    of the Company;
  * Resolution 6 to approve the amendment to the investment policy of the
    Company; and
  * Resolution 7 to approve a related party transaction with Octopus Investments
    Limited.

Details  of the proxy votes received in respect of the resolutions passed at the
extraordinary general meeting are set out below:

 Votes           Resolution 1        Resolution 2        Resolution 3
                 Number of Votes     Number of Votes     Number of Votes


 For             1,318,750 (91.0%)   1,318,750 (91.0%)   1,318,750 (91.0%)

 Against         15,300 (1.06%)      15,300 (1.06%)      15,300 (1.06%)

 Discretionary   115,125 (7.94%)     115,125 (7.94%)     115,125 (7.94%)

 Withheld        0                   0                   0



 Votes           Resolution 4        Resolution 5        Resolution 6
                 Number of Votes     Number of Votes     Number of Votes

 For             1,318,750 (91.0%)   1,318,750 (91.0%)   1,313,600 (90.64%)

 Against         15,300 (1.06%)      15,300 (1.06%)      15,300 (1.06%)

 Discretionary   115,125 (7.94%)     115,125 (7.94%)     120,275 (8.30%)

 Withheld        0                   0                   0




 Votes           Resolution 7
                 Number of Votes

 For             1,313,600 (90.64%)

 Against         15,300 (1.06%)

 Discretionary   120,275 (8.30%)

 Withheld        0

A  copy of the resolutions passed at all the above meeting will be available for
inspection  shortly  at  the  UK  Listing Authority's Document Viewing Facility,
which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Telephone: [phone]

For further enquiries please contact:

Celia L Whitten FCIS
Company Secretary
8 Angel Court
London
EC2R 7HP

Telephone: [phone]


[HUG#1435888]








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Source: Octopus IHT AIM VCT PLC via Thomson Reuters ONE