OCTOPUS ECLIPSE VCT PLC

29 May 2015

Issue of Equity and Total Voting Rights

Octopus Eclipse VCT plc (the "Company") announces that 434,354 Ordinary Shares of 10p each ("shares") were issued and allotted today at a price of 37.3p per share, equivalent to the current NAV of 35.2p grossed up by up to 5.5% (as set out in the Offer document dated 19 January 2015). These shares were issued pursuant to an Offer for Subscription to raise up to £3.8 million in the 2014/2015 and 2015/2016 tax years.

Mr Alex Hambro, the Chairman and a director of the Company, was allotted 488 Ordinary Shares at a price per share of up to 37.3p and his total holdings are now 30,232, representing approximately 0.03% of the Company's issued Ordinary share capital.

Mr Matt Cooper, a director of the Company, was allotted 1,544 Ordinary Shares at a price per share of up to 37.3p and his total holdings are now 80,918, representing approximately 0.08% of the Company's issued Ordinary share capital.

Mr Roger Penlington, a director of the Company, was allotted 418 Ordinary Shares at a price per share of up to 37.3p and his total holdings are now 38,657, representing approximately 0.04% of the Company's issued Ordinary share capital.

Ms Jane Vinson, a person discharging managerial responsibilities, was allotted 180 Ordinary Shares at a price per share of up to 37.3p and her total holdings are now 28,174 Ordinary Shares representing approximately 0.03% of the Company's issued 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 12 June 2015.

The issued share capital and total voting rights of the Company is now:   99,421,552.

For further information please contact:

Nicola Board
Company Secretary
020 7776 8663