Interim Management Statement

 
TIDMOAP1 
 
The announcement made on 28 October 2010 at 10:21 a.m was incorrectly titled. It 
should have read Interim Management statement. Please find below the full and 
correct version. 
Octopus Apollo VCT 1 PLC 
Interim Management Statement 
 
28 October 2010 
 
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and 
Transparency rules, Octopus Apollo VCT 1 plc ("Apollo 1" or "Fund") presents an 
Interim Management Statement for the period 1 August 2010 to 30 September 
2010.  The statement also includes relevant financial information between the 
end of the period and the date of this statement. 
 
Financial Summary 
 
+-----------------------------+-------------------------+----------------------+ 
|                             | 8 months to 30 September|   6 months to 31 July| 
|                             |                     2010|                  2010| 
+-----------------------------+-------------------------+----------------------+ 
|                             |                         |                      | 
+-----------------------------+-------------------------+----------------------+ 
|Net assets ( GBP'000s)          |                    7,887|                 7,925| 
+-----------------------------+-------------------------+----------------------+ 
|Net profit/(loss) after tax  |                         |                      | 
|( GBP'000s)                     |                     (64)|                  (24)| 
+-----------------------------+-------------------------+----------------------+ 
|Net asset value per share    |                         |                      | 
|("NAV")                      |                   90.70p|                91.20p| 
+-----------------------------+-------------------------+----------------------+ 
|Cumulative dividends paid    |                         |                      | 
|since launch                 |                    5.75p|                 5.75p| 
+-----------------------------+-------------------------+----------------------+ 
|NAV plus cumulative dividends|                         |                      | 
|paid                         |                   96.45p|                96.95p| 
+-----------------------------+-------------------------+----------------------+ 
 
Investment performance 
At  30 September 2010 the  NAV plus  cumulative dividends  paid of  the Fund was 
96.45p, which  compares to 96.95p at  31 July 2010. The performance  of the Fund 
has been relatively stable in the period under review due to a proportion of its 
assets being held in cash and cash equivalent securities, and because there have 
been no changes in the valuations of the companies in its portfolio. 
 
During the period under review the funds previously invested into Vulcan 
Services II Limited were deployed into Bluebell Telecom Limited, a company 
providing landline, mobile and data solutions to businesses. 
 
Top Ten Unquoted Qualifying Investment Portfolio by Value as at 30 September 
2010 
+------------------------+------------------+------------------+---------------+ 
|                        |                  |    Carrying value|               | 
|Company                 |  Investment class|              GBP'000|% of Net Assets| 
+------------------------+------------------+------------------+---------------+ 
|Clifford Thames Group   |                  |                  |               | 
|Limited                 |        Automotive|               966|          12.2%| 
+------------------------+------------------+------------------+---------------+ 
|Diagnos Limited         |        Automotive|               825|          10.5%| 
+------------------------+------------------+------------------+---------------+ 
|Pubco Services Limited  |Restaurants & bars|               750|           9.5%| 
+------------------------+------------------+------------------+---------------+ 
|CSL DualCom Limited     |  Security devices|               700|           8.9%| 
+------------------------+------------------+------------------+---------------+ 
|Salus Services 1 Limited|        Care homes|               614|           7.8%| 
+------------------------+------------------+------------------+---------------+ 
|Bruce Dunlop &          |                  |                  |               | 
|Associates International|                  |                  |               | 
|Limited                 |             Media|               509|           6.5%| 
+------------------------+------------------+------------------+---------------+ 
|Tristar Limited         |Chauffeur services|               500|           6.3%| 
+------------------------+------------------+------------------+---------------+ 
|Greenco Services Limited|     Environmental|               500|           6.3%| 
+------------------------+------------------+------------------+---------------+ 
|Bluebell Telecom Limited| Telecommunication|               225|           2.9%| 
+------------------------+------------------+------------------+---------------+ 
|Businessco Services 2   |                  |                  |               | 
|Limited                 | Business services|               200|           2.5%| 
+------------------------+------------------+------------------+---------------+ 
 
 
 
Dividends 
For the period ended 31 July 2010, the Board declared a dividend of 1.50p per 
share.  This dividend will be paid on 29 October 2010 to those shareholders who 
are on the register on 8 October 2010. 
 
Material events and transactions 
The Fund's Board is not aware of any other significant event or transaction 
which has occurred between the 1 October 2010 and the date of publication of 
this statement which would have a material impact on the financial position on 
the Fund. 
 
For further information please contact: 
Stuart Nicol - Fund Manager 
Octopus Investments Limited - 0800 316 2347 
 
ENDS 
 
 
 
[HUG#1456495] 
 
 
 
 
 
 
 
 
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Source: Octopus Apollo VCT1 plc via Thomson Reuters ONE