Transaction in Own Shares

Octopus Second AIM VCT plc ("the Company")

29 October 2010

Purchase of own securities

Octopus Second AIM VCT plc announces that on 29 October 2010 the Company
purchased for cancellation 250,000 Ordinary shares at a price of 60.5p per
share. The Ordinary shares purchased represent 0.70% of the total number of
voting rights in the Company before the transaction.

Following this transaction, the issued share capital of the Company now consists
of 35,895,010 Ordinary shares with a nominal value of 0.01p each, with voting
rights. The Company holds no shares in Treasury.

For further enquiries, please contact:

Celia Whitten, Company Secretary
Octopus Investments Limited
Tel:  020 7710 2849


[HUG#1457348]








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Source: Octopus Second AIM VCT plc via Thomson Reuters ONE