OCTOPUS ECLIPSE VCT PLC

10 June 2016

Issue of Equity and Total Voting Rights

Octopus Eclipse VCT plc (the "Company") announces that 547 Ordinary Shares of 10p each ("shares") were issued and allotted on 9 June 2016 at a price of 34.4p per share, equivalent to the current NAV of 32.5p grossed up by up to 5.5% in relation to an offer for subscription ("Offer") pursuant to an offer document issued by the Company on 19 January 2015. The shares were allotted after the close of the Offer and relate to shares allotted as a result of reduced adviser charges in accordance with the terms and conditions of the Offer. 

In addition, a further 13,841 Ordinary Shares of 10p each were issued and allotted to employees of Octopus Capital Limited and directors of the Company at a price of 34.4p per share, equivalent to the current NAV of 32.5p grossed up by up to 5.5%, as a result of a rebate of part of the annual management charge by Octopus Investments Limited, the Company's investment manager.

Mr Alex Hambro, the Chairman and a director of the Company, was allotted 559 Ordinary Shares at a price per share of up to 34.4p and his total holdings are now 30,791, representing less than 0.1% of the Company's issued Ordinary share capital.

Mr Lars McBride, a director of the Company, was allotted 4,425 Ordinary Shares at a price per share of up to 34.4p and his total holdings are now 301,386, representing approximately 0.3% of the Company's issued Ordinary share capital.

Mr Matt Cooper, a director of the Company, was allotted 1,498 Ordinary Shares at a price per share of up to 34.4p and his total holdings are now 82,416, representing approximately 0.1% of the Company's issued Ordinary share capital.

Mr Roger Penlington, a director of the Company, was allotted 715 Ordinary Shares at a price per share of up to 34.4p and his total holdings are now 39,372, representing less than 0.1% of the Company's issued Ordinary share capital.

Ms Jane Vinson, a person discharging managerial responsibilities, was allotted 1,325 Ordinary Shares at a price per share of up to 34.4p and her total holdings are now 29,499 Ordinary Shares representing less than 0.1% of the Company's issued share capital.

Mr Stuart Lewis, a person discharging managerial responsibilities, was allotted 589 Ordinary Shares at a price per share of up to 34.4p and his total holdings are now 35,642 Ordinary Shares representing less than 0.1% 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 23 June 2016.

The issued share capital and total voting rights of the Company is now:   100,110,705.

For further information please contact:

Nicola Board
Company Secretary
020 7776 8663