OCTOPUS APOLLO VCT plc
(The "Company")

31 March 2015

Issue of Equity and Total Voting Rights

The Company has today issued and allotted 6,541,808 Ordinary Shares of 10p each (the "New Ordinary Shares") at a price of 88.9p per share pursuant to the Offer for subscription that opened on 24 October 2014. Application will be made for the New Ordinary Shares to be admitted to the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange and dealings are expected to commence on or around 14 April 2015.

Mr Grant Paul-Florence, a person discharging managerial responsibility, was allotted 6,017 Ordinary Shares at a price of 88.9p per share. His total shareholding in the Company is 6,017 Ordinary Shares, representing approximately 0.01% of the issued Ordinary Share capital.

The Board is pleased to announce an extension of the closure date for applications in respect of the 2014/15 tax year from 12 noon on 1 April 2015 to 12 noon on 4 April 2015.

The issued share capital and total voting rights of the Company is now 144,755,191, comprising   92,949,372 Ordinary 10p Shares and 51,805,819 C Ordinary 1p Shares.

For further information please contact:

Nicola Board
Company Secretary
020 7776 8663