Issue of Equity

Octopus Titan VCT 2 plc
                  

Octopus Titan VCT 1 plc and Octopus Titan VCT 2 plc

5 November 2007

Offer for Subscription

Octopus Titan VCT 1 plc and Octopus Titan VCT 2 plc (the 'Companies') announce
that they have published a Prospectus to raise, in aggregate up to £40 million
(the 'Offer').

The Offer opened on 2 November 2007 and is expected to close no later than 4
April 2008. The Offer is for up to, in aggregate, 40,000,000 ordinary shares of
10 pence each ('Ordinary Shares'), comprising up to 20,000,000 Ordinary Shares
in each of the Companies. The Ordinary Shares will be issued at a price of 100
pence each.

To obtain a copy of the Prospectus, private investors and Financial Advisers
should call 0800 316 2347. A downloadable version of the Prospectus is also
available from www.octopusinvestments.com.

A copy of the Prospectus is available, free of charge, from the Companies'
registered office:

c/o Octopus Investments Limited
8 Angel Court
London EC2R 7HP

The Prospectus has been submitted to the UKLA, and will shortly be available for
inspection at the UKLA's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5NS