Conversion of Securities

2 June 2009
                       Octopus IHT AIM VCT PLC
         Conversion of B Ordinary Shares of 0.01p each into
                                                    A Ordinary Shares
                            of 0.01p each
Octopus IHT AIM VCT PLC (the "Company") announces that it has today
converted 8,984,075 B ordinary shares of 0.01p each in the share
capital of the Company ("B Ordinary Shares") into 8,984,075 A
ordinary shares of 0.01p each in the share capital of the Company
("New A Ordinary Shares") in accordance with the articles of
association of the Company.  Details of the conversion are set out in
a circular issued by the Company on 21 April 2009.  The Company has
applied for the New A Ordinary Shares to be admitted to the Official
List of the UK Listing Authority and to trading on the London Stock
Exchange's market for listed securities.  As part of the conversion,
Keith Mullins, a director of the Company, converted 50,000 B Ordinary
Shares into 50,000 New A Ordinary Shares and Christopher Holdsworth
Hunt, also a director of the Company, converted 51,500 B Ordinary
Shares into 51,500 New A Ordinary Shares.

Copies of the Circular are available from Octopus Investments and may
be downloaded from www.octopusinvestments.com. For further
information please contact Kate Tidbury or Andrew Buchanan at Octopus
Investments Limited (0800 294 6842).

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