OPV Octopus Pro 2

    Issue of Equity
             



Octopus Protected VCT 2 plc
12 January 2009

Issue of Equity

The Directors of Octopus Protected VCT 2 plc are pleased to announce
an allotment on 12 January 2009 of 267,010 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 14 January 2009.

The Company now has 2,240,126 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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