OCTOPUS APOLLO VCT PLC

5 April 2016

Issue of Equity and Total Voting Rights

Octopus Apollo VCT plc (the "Company") announces that 8,363,388 Ordinary Shares of 10p each were issued and allotted today at a price of 85.8p per share equivalent to the current NAV of 81.5p grossed up by up to 5.0% (as set out in the Prospectus dated 2 November 2015). These shares were issued pursuant to the Offer for Subscription to raise up to £30 million, with an over allotment facility of £10 million, in the 2015/2016 and 2016/2017 tax years.

Ian Potter, a person discharging managerial responsibilities, was allotted 24,941 Ordinary Shares at a price per share of 85.8p and his total holdings are now 24,941 Ordinary shares, representing less than 0.1% of the Company's issued Ordinary share capital.

An application has been made to the London Stock Exchange for admission of the new shares.   Admission is expected to become effective on or around 19 April 2016.

The issued share capital now comprises 158,493,865 Ordinary 10p Shares and 19,082,726 D Ordinary 1p shares. The total voting rights in the Company is now 177,576,591.

For further information please contact:
Nicola Board
Company Secretary
020 7776 8663