Apollo VCT 2 plc

16 October 2005



                                First Allotment of Shares



Apollo VCT 2 plc announces that it has allotted an initial 1,104,168
Ordinary

Shares of 10p each pursuant to its Offer for Subscription.  These
Ordinary

Shares rank pari passu in all respects with each other and dealings
are expected

to commence on the Official List of the London Stock Exchange on 17
October 2006.

The Offer for Subscription remains open.

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Copyright � Hugin ASA 2006. All rights reserved.
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