Transaction in Own Shares

OCTOPUS PROTECTED VCT PLC (the 'Company')

10 October 2008

PURCHASE OF OWN SECURITIES

Octopus Protected VCT plc announces that on 10 October 2008 the
Company purchased for cancellation 14,225 shares of 10p each at a
price of 83.5p per share.

The issued share capital and total voting rights of the Company is
now 27,322,219 Ordinary Shares.

Company contact:

Celia Whitten, Company Secretary            020 7710 2849

ENDS

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