Offer for subscription and Directors' shareholding

Octopus Protected VCT plc  (the 'Company')

11 April 2007

Offer for Subscription and Directors' Shareholdings

The  Company  announces  that  on   5  April  2007,  the  offer   for
subscription of  up to  30,000,000 ordinary  shares closed  and  that
under the offer, the following Directors were allotted and issued new
Ordinary Shares:


Director    Shares purchased Share price Percentage of issued share
                             (p)         capital (%)
Tony Morgan  5,000           95          0.018
Neil Wilson  9,970           95          0.036
Matt Cooper 10,023           95          0.036


For further information please contact:

Neil Osmond, Company Secretary          020 7710 2800

ENDS

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