TIDMOTV3 
 
 
   27 November 2014 
 
   Octopus Titan VCT 1 plc ("Titan 1") 
 
   Octopus Titan VCT 2 plc ("Titan 2") 
 
   Octopus Titan VCT 3 plc ("Titan 3") 
 
   Octopus Titan VCT 4 plc ("Titan 4") 
 
   Octopus Titan VCT 5 plc ("Titan 5") 
 
   (together the "Companies" and Titan 1, Titan 3, Titan 4 and Titan 5 
together "Titan 1, 3, 4 and 5") 
 
   Merger Update: Completion of Merger 
 
   This announcement is made by the Companies in connection with the merger 
of Titan 2 and Titan 1, 3, 4 and 5 (the "Merger"), details of which were 
contained in the prospectus and circulars issued by the 
 
   Companies on 16 September 2014. 
 
   The boards of directors of the Companies are pleased to report that the 
resolutions proposed at the general meetings of Titan 1, 3, 4 and 5 held 
today (the "General Meetings") were duly passed and that all the 
conditions for the Merger becoming effective have been met and the 
Merger  completed on 27 November 2014. Post Merger, Titan 2, has a net 
asset value of GBP169.3m.  Further to the Merger becoming unconditional 
and the approval of the Titan 2 shareholders at the general meeting held 
on 16 October 2014, Titan 2 announces that it has changed its name to 
Octopus Titan VCT plc. It is expected that Titan 2 will begin trading 
under its new name from 8.00 am on 28 November 2014. Titan 2 will 
continue to use its present TIDMs (ticker symbols) on the main market of 
the London Stock Exchange. 
 
   In implementing the Merger, the assets and liabilities of Titan 1, 3, 4 
and 5 have been transferred to Titan 2, in consideration for the issue 
of a total of 140,597,475 ordinary shares of 10p each in the capital of 
the Company to the former shareholders of Titan 1, 3, 4 and 5 ("Merger 
Shares") at a deemed issue price of 97.7p per Merger Share, that is 
32,616,742, 36,557,870, 42,125,192 and 29,297,671 Merger Shares in 
consideration for the transfer of the assets and liabilities from Titan 
1, Titan 3, Titan 4 and Titan 5 respectively. 
 
   Following the issue of the Merger Shares, the total number of Titan 2's 
issued ordinary shares of 10p each is 173,208,332. 
 
   Following the implementation of the Merger, Titan 1, 3, 4 and 5 have 
been placed in members' voluntary liquidation. 
 
   Application has been made to the London Stock Exchange for the Merger 
Shares to be admitted to trading on its main market for listed 
securities and it is expected that the Merger Shares will be admitted to 
the Official List and that trading will become effective on 28 November 
2014. 
 
   Titan 1, 3, 4 and 5 also announce that further to the resolutions passed 
at the General Meetings, the listing of their ordinary shares of 10p 
each on the Official List of the UK Listing Authority will be cancelled 
with effect from 8am on 28 November 2014. 
 
   As a result of the Merger becoming effective, Mark Faulkner has resigned 
as a director of Titan 2 and Mark Hawkesworth and Jane O'Riordan have 
been appointed as directors of Titan 2. 
 
   There are no disclosures to be made under Listing Rule 9.6.13R for Mark 
Hawkesworth or Jane O'Riordan. 
 
   The total holdings for the above Directors in Titan 2 are detailed 
below: 
 
   Mark Hawkesworth          42,859 Ordinary Shares (0.02% of the issued 
share capital) 
 
   Jane O'Riordan                    14,490 Ordinary Shares (0.01% of the 
issued share capital) 
 
   Copies of the resolutions passed at the General Meetings have been 
submitted to the National Storage Mechanism and will shortly be 
available for inspection at: 
 
   www.hemscott.com/nsm.do 
 
   For further information please contact: 
 
   Patricia Standaloft 
 
   Company Secretary 
 
   0207 710 6471 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Octopus Titan VCT 3 PLC via Globenewswire 
 
   HUG#1874937 
 
 
  http://www.octopusinvestments.com
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