Transaction in Own Shares

Octopus Second AIM VCT plc ("the Company")

3 December 2010

Purchase of own securities

Octopus Second AIM VCT plc announces that on 3 December 2010 the Company
purchased for cancellation 150,641 Ordinary shares at a price of 60.5p per
share.

Following this transaction, the issued share capital of the Company now consists
of 36,093,647 Ordinary shares with a nominal value of 0.01p each, with voting
rights. The Company holds no shares in Treasury.

For further enquiries, please contact:

Celia Whitten,
Company Secretary
Tel:  020 7710 2849
Octopus Second AIM VCT plc ("the Company")

3 December 2010

Purchase of own securities

Octopus Second AIM VCT plc announces that on 3 December 2010 the Company
purchased for cancellation 150,641 Ordinary shares at a price of 60.5p per
share.

Following this transaction, the issued share capital of the Company now consists
of 36,093,647 Ordinary shares with a nominal value of 0.01p each, with voting
rights. The Company holds no shares in Treasury.

For further enquiries, please contact:

Celia Whitten,
Company Secretary
Tel:  020 7710 2849


[HUG#1468827]








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Source: Octopus Second AIM VCT plc via Thomson Reuters ONE