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Octopus Protected VCT 2 PLC (OAP4)

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Wednesday 31 December, 2008

Octopus Protected VCT 2 PLC

Issue of Equity

Octopus Protected VCT 2 plc
31 December 2008

Issue of Equity

The Directors of Octopus Protected VCT 2 plc are pleased to announce
an allotment on 31 December 2008 of 168,635 ordinary shares of 10p
each ("Ordinary Shares") at a price of 100 pence per share pursuant
to the Offer that opened on 17 July 2008.

Application for the 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 will be made shortly and
dealings are expected to commence on 7 January 2009.

The Company now has 1,804,481 Ordinary shares in issue.

The Offer is expected to remain open until 3 April 2009 unless
previously extended or fully subscribed earlier.

For further information please contact:

Celia Whitten
Octopus Protected VCT 2 plc
8 Angel Court
London EC2R 7HP
020 7710 2849


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