OCTOPUS AIM VCT 2 PLC

Net Asset Value • Jan 9, 2026

National Storage Mechanism | Additional information

Octopus AIM VCT 2 plc

Portfolio Update

The investment portfolio of Octopus AIM VCT 2 plc (the "Company") as at 9 January 2026 is as follows (the valuations being the unaudited valuations, at bid price, as at 30 November 2025):

Investee Company		Sector	Book cost (£000)	Movement in valuation (£000)
Hasgrove Limited * & ***		Unquoted Investment	153	9,267
Craneware plc		Health Care Providers	479	2,912
Popsa Holdings Limited *		Unquoted Investment	1,060	1,586
Netcall plc		Software and Computer Services	356	2,128
Idox PLC		Software and Computer Services	314	1,985
Animalcare Group plc		Pharmaceuticals and Biotechnology	824	1,346
Aurrigo International plc		Technology Hardware and Equipment	1,105	526
GB Group plc **		Software and Computer Services	337	1,061
Judges Scientific plc		Electronic and Electrical Equipment	157	1,207
Brooks Macdonald Group plc **		Investment Banking and Brokerage Services	610	625
Diaceutics plc		Health Care Providers	620	603
Vertu Motors plc		Retailers	777	416
Abingdon Health plc		Medical Equipment and Services	1,677	(517)
Beeks Financial Cloud Group plc **		Software and Computer Services	272	885
PCI-Pal plc		Software and Computer Services	863	244
SDI Group plc		Electronic and Electrical Equipment	119	952
EKF Diagnostics Holdings plc		Medical Equipment and Services	737	134
Windar Photonics plc		Electronic and Electrical Equipment	624	140
Haydale Graphene Industries plc		Industrial Materials	1,238	(481)
Gear4music Holdings plc	Leisure Goods		353	377
Ixico plc	Pharmaceuticals and Biotechnology		1,101	(393)
Equipmake Holdings plc	Electronic and Electrical Equipment		1,414	(741)
Nexteq plc	Technology Hardware and Equipment		338	308
Strip Tinning Holdings plc (Loan) *	Unquoted Investment		600	-
Ilika plc	Electronic and Electrical Equipment		706	(115)
The Beauty Tech Group plc **	Personal Care, Drug and Grocery Stores		576	2
JTC plc	Investment Banking and Brokerage Services		401	130
Applied Nutrition plc **	Food Producers		331	157
Itaconix plc	General Industrials		1,059	(582)
Oberon Investments Group plc	Investment Banking and Brokerage Services		576	(110)
Cranswick plc **	Food Producers		404	60
Wise plc **	Industrial Support Services		364	89
Gamma Communications plc **	Telecommunications Service Providers		183	267
GENinCode plc	Medical Equipment and Services		1,654	(1,210)
Cambridge Cognition Holdings plc	Health Care Providers		717	(308)
Tan Delta Systems plc	Electronic and Electrical Equipment		302	47
Eden Research plc	Chemicals		1,080	(748)
KRM 22 plc	Software and Computer Services		618	(290)
Bloomsbury Publishing Plc **	Media		419	(120)
DP Poland plc	Travel and Leisure		678	(441)
Bytes Technology Group plc **	Software and Computer Services		326	(123)
Haydale Graphene Industries Plc (Loan) *	Unquoted Investment		200	-
Alusid Limited *	Unquoted Investment		200	-
GETECH Group plc	Oil, Gas and Coal		200	(10)
MyCelx Technologies Corporation	Electronic and Electrical Equipment		980	(828)
Rosslyn Data Technologies plc	Software and Computer Services		779	(644)
TPXimpact Holdings plc	Software and Computer Services		653	(521)
Gelion plc	Electronic and Electrical Equipment		760	(658)
Velocity Composites plc	Aerospace and Defence		533	(433)
Crimson Tide plc	Software and Computer Services		378	(296)
Creo Medical Group plc	Medical Equipment and Services		981	(903)
Fusion Antibodies plc	Health Care Providers		497	(426)
Mears Group plc **	Industrial Support Services		51	14
Verici Dx plc	Pharmaceuticals and Biotechnology		1,003	(947)
XP Factory PLC	Travel and Leisure		659	(605)
Feedback plc	Medical Equipment and Services		1,000	(948)
ENGAGE XR Holdings plc	Software and Computer Services		1,253	(1,202)
Strip Tinning Holdings plc	Electronic and Electrical Equipment		337	(291)
DXS International plc	Software and Computer Services		200	(170)
Northcoders Group plc	Software and Computer Services		253	(225)
1Spatial plc	Software and Computer Services		200	(173)
TheraCryf plc	Pharmaceuticals and Biotechnology		700	(684)
Tasty plc	Travel and Leisure		336	(331)
Genedrive Plc	Pharmaceuticals and Biotechnology		145	(143)
Metir plc	Electronic and Electrical Equipment		922	(922)
Sorted Group Holdings plc	Software and Computer Services		509	(509)
Airnow Limited *	Unquoted Investment		838	(838)
The British Honey Company plc	General Retailers		880	(880)
Enteq Upstream plc	Oil, Gas and Coal		687	(687)
Cloudified Holdings Limited	Software and Computer Services		600	(600)
Rated People Ltd *	Unquoted Investment		236	(236)
ReNeuron Group plc	Pharmaceuticals and Biotechnology		990	(990)
Trackwise Designs plc	Technology Hardware and Equipment		1,289	(1,289)
Verici Dx Plc	Pharmaceuticals and Biotechnology		41	(41)
The Food Marketplace Ltd *	Unquoted Investment		200	(200)
LungLife AI Inc	Pharmaceuticals and Biotechnology		1,386	(1,386)
Libertine Holdings plc	Industrial Engineering		2,000	(2,000)

Since 30 November 2025 Octopus AIM VCT 2 plc has made £2.5 million investments and £9.3 million disposals. 

Unless otherwise stated, all the investments set out above: 

• are not quoted on regulated markets for the purpose of the Prospectus Regulation (AIM is not a regulated market for this purpose); 
• represent equity investments except in the case of Strip Tinning Holdings plc and Haydale Graphene Industries plc which include investment through loan stock; and 
• are in portfolio companies incorporated in the UK with the exception of: 

Cloudified Holdings Limited - British Virgin Islands

ENGAGE XR Holdings plc - Republic of Ireland

JTC plc - Jersey

LungLife AI Inc – USA - USA

MyCelx Technologies Corporation – USA

Windar Photonics – Denmark

* Denotes unlisted company 

** Denotes company listed on the main market of the London Stock Exchange 

*** Sale completed post 30 November 2025

Current Asset Investments (unaudited) 

Portfolio Company	Book cost (£’000)	Fair Value (£’000)
FP Octopus UK Microcap Growth Fund	5,412	5,475
FP Octopus UK Multi Cap Income Fund	1,811	2,271
FP Octopus UK Future Generations Fund	1,684	1,620
JPMorgan Sterling Liquidity Fund	5,650	5,650
BlackRock ICS Sterling Liquidity Fund	5,607	5,607
HSBC Sterling Liquidity Fund	5,641	5,641

Since 30 November 2025 the Company has disposed of £0.6m from current asset investments. 

The capitalisation of Octopus AIM VCT 2 plc as at 30 November 2025 was as follows:  

Shareholders' Equity		£’000s
Called up Equity Share Capital		21
Legal reserves		690
Other reserves		76,720
Total		77,431

There has been no material change to the capitalisation since 30 November 2025. 

For further information please contact:

Rachel Peat

Octopus Company Secretarial Services Limited

Tel: +44 (0)80 0316 2067

LEI: 213800BW27BKJCI35L17