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Octopus Eclipse VCT2 (OEC2)

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Wednesday 31 October, 2012

Octopus Eclipse VCT2

Octopus Eclipse VCT 2 plc : General Meeting and...

Octopus Eclipse VCT 2 plc : General Meeting and Merger Result

Octopus Eclipse VCT 2 plc("Company")

GM and Merger Result

31 October 2012

This announcement is made by Octopus Eclipse VCT 2 plc ("the Company") in connection with the merger of the Company with Octopus Eclipse VCT plc ("Eclipse") to be completed by way of a scheme of reconstruction of the Company pursuant to Section 110 of the Insolvency Act 1986 and the transfer by the Company of all of its assets and liabilities to Eclipse ("Scheme"), details of which were contained in Eclipse's prospectus ("the Prospectus") and the Company's circular to shareholders ("the Circular") both dated 28 September 2012.

The board is pleased to announce that at the general meeting of the Company held on 31 October 2012, the resolution to approve the Company being placed in liquidation, appoint the liquidators and cancel the listing of the Company's shares, as set out in the Circular, was duly passed on a show of hands and with 100.0% of proxy votes received being in favour (or at the chairman's discretion).

A copy of the resolution passed at the above meeting will shortly be available for inspection on both the Company's website (www.octopusinvestments.com) as well as at the National Storage Mechanism (www.morningstar.co.uk/uk/NSM).

Accordingly, by way of implementation of the Scheme, the Company has been placed into members' voluntary liquidation and the assets and liabilities of the Company transferred to Eclipse in consideration for the issue of new ordinary shares of 10p each in the capital of Eclipse ("Eclipse Shares"). The total number of Eclipse Shares issued to the Company's shareholders was 21,285,023, at a deemed issue price of 38.0726p per share (on a ratio of 1.145671).

The board is also pleased to confirm that the merger of Octopus Eclipse VCT 3 plc and Octopus Eclipse VCT 4 plc with Eclipse, as further set out in the Prospectus and the Circular, has also taken effect today.

Application will shortly be made for all of the Eclipse Shares issued pursuant to the Scheme to be admitted to the Official List and to trading on the main market of the London Stock Exchange. It is expected that admission will become effective and that trading will commence on 1 November 2012. CREST accounts are also expected to be credited on 1 November 2012.

As part of the Scheme, the suspension of the listing of the Company's shares took place at 7.30 a.m. today (31 October 2012) and the cancellation of the Company's shares will take place from the commencement of trading on 29 November 2012.

For further enquiries please contact:

Octopus Investments Limited
Patricia Standaloft
Telephone: 0207 710 6471




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Octopus Eclipse VCT 2 plc via Thomson Reuters ONE

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