Issue of Equity and Total Voting Rights

OCTOPUS TITAN VCT PLC

14 December 2018

Issue of Equity and Total Voting Rights

Octopus Titan VCT plc (the "Company") announces that 81,861,608 Ordinary Shares of 10p each (the "Shares") were issued and allotted yesterday at a price of 98.6p per share, equivalent to the current NAV of 93.1p grossed up by 5.5% (as set out in the Prospectus dated 13 September 2018).

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 2018/2019 and 2019/2020 tax years, dated 13 September 2018.

Included within the allotment:

Mr Mark Hawkesworth, a director of the Company, was allotted 10,698 Ordinary Shares at a price per share of 98.6p and his holding is now 96,900, representing less than 0.1% of the Company’s issued Ordinary share capital.

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 28 December 2018.

Following this allotment, the issued share capital and total voting rights of the Company are 736,527,137 now and the unaudited net assets of the Company are approximately £686 million, based on a NAV per share of 93.1p.

For further information please contact:

Parisha Kanani
Company Secretary
020 3935 3520