Notice of EGM

9 October 2008

                     Octopus Protected VCT 1 plc

Notice of Extraordinary General Meeting to seek shareholders'
approval to changes to the Company's Articles of Association (the
"Circular")

The Circular was posted to shareholders yesterday.

Two copies of the Circular have today been submitted to the UK
Listing Authority and will be available for inspection at the UK
Listing Authority's Document Viewing Facility, which is situated at:

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

Tel: [phone]

For copies of the Circular or further information please contact:

Celia Whitten, Company Secretary
8 Angel Court
London
EC2R 7HP
020 7710 2849

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