REG-Conclusion of Strategic Review and issue of Circular containing notice of a general meeting to consider proposal for amended investment policy

Octopus Titan VCTAnnouncement

12/09/2025 08:30

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Octopus Titan VCT plc

Conclusion of Strategic Review and issue of Circular containing notice of a
general meeting to consider proposal for amended investment policy

The Board of Directors (the “Board”) of Octopus Titan VCT plc (the
“Company”) has concluded its review of strategy announced in September
2024 (the “Strategic Review”). Following a significant amount of work
undertaken across a number of different workstreams and careful consideration
by the Board, including consultation with its advisers and taking into account
feedback from the Company's shareholders ("Shareholders"), the Board has
concluded that Shareholders’ best interests will be served by certain
changes to the investment strategy of the Company and restructuring its
arrangements with its portfolio manager, Octopus Investments Limited (the
"Portfolio Manager").

The detailed conclusions can be found in the Letter from the Chair of the
Company contained within the circular published today and posted to
Shareholders (the "Circular") convening a general meeting to take place on 14
October 2025 (the "General Meeting"). A copy of the Circular is available on
the Company's website at octopusinvestments.com/titan-circular
(https://www.globenewswire.com/Tracker?data=j8kKPnfZS83f3carcls_Sb5lkWotSCK4dd-hxntEAe-Rxk4kX3FHR1gl3YlraaOiLiYduFUOwIsterEPnGom0Bgr2MmYoEqX2slRR4z6e_xUjJIjagVw34CA8wlg6vZ8-exZPCnBBoM2Cv-fmCmmAA==).

The General Meeting will seek Shareholder approval to amend the Company's
investment policy. A notice of the General Meeting, to be held at 1.00pm on 14
October 2025 at 33 Holborn, EC1N 2HT, and an explanation of the resolution to
be proposed at the General Meeting (the "Resolution"), is set out in the
Circular.

Tom Leader, Chair of Octopus Titan VCT, commented:
“The Board believes that the outcome of the Strategic Review offers the best
likelihood of Shareholders achieving improved returns in the most
cost-effective way while also laying the foundations for future capital
raising and new investments at the appropriate time. The changes proposed will
significantly reduce investment management fees and provide better alignment
of the interests of Shareholders and the Portfolio Manager. They will also
give the Company increased flexibility to review its investment strategy and,
if necessary, the ongoing appointment of the Portfolio Manager, if performance
does not improve. On behalf of the Board, we recommend that Shareholders
support the changes made and vote in favour of the Resolution.”



The information contained within this announcement is deemed by the Company to
constitute inside information as specified within the Market Abuse Regulation
(EU No. 596/2014). Upon the publication of this announcement via a Regulation
Information Service this inside information is now considered to be in the
public domain.

For further information please contact:

Octopus Company Secretarial Services Limited 
Tel: +44 (0)80 0316 2067

LEI: 213800A67IKGG6PVYW75