Octopus Apollo VCT plc : Portfolio update OCTOPU

OCTOPUS APOLLO VCT PLC ('Apollo')

23 February 2017

Portfolio update

Following the merger of Octopus Eclipse VCT PLC ("Eclipse") and Apollo on 19 December 2016, Apollo announces that the top 10 Investee companies by book cost at that date were:

The top 10 investments excludes two Investment Companies (total combined book cost of £10 million included in Grand Total). Please note that at the date of the merger, 30 companies were transferred from Eclipse to Apollo, bringing the total number of holdings in Apollo to 62 (including Investment Companies).

Across the combined portfolio, 17 Investee companies were valued above the investment cost at the date of the merger. A further 20 were valued below the investment cost. The remaining 25 Investee companies were held at the investment cost.

From 31 July 2016 to the merger on 19 December 2016, there was a net cash outflow from Apollo of £12 million, leaving a balance of approximately £24 million at the date of the merger (19 December 2016). The inflows and outflows during the period were:

For further information please contact:

Nicola Board

Company Secretary

020 7776 8663