OCTOPUS AIM VCT 2 PLC

24 October 2016

Issue of Equity, Closure of Offer and Total Voting Rights

Octopus AIM VCT 2 plc (the "Company") announces that 2,578,800 Ordinary Shares of 0.01p each were issued and allotted on 21 October 2016 at a price of 85.9p per share, equivalent to the current NAV of 81.1p grossed up by up to 5.5% (as set out in the Prospectus dated 21 December 2015). These shares were issued pursuant to an Offer for Subscription to raise up to £20 million, with an over allotment facility of £10 million, in the 2015/2016 and 2016/2017 tax years.

Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 4 November 2016.

The Offer is now closed.

The issued share capital and total voting rights of the Company is now: 78,327,653 Ordinary Shares.

For further information please contact:

Nicola Board
Company Secretary
020 7776 8663