TIDMOTV4 
 
Octopus Titan VCT 4 plc 
Interim Management Statement 
 
13 August 2010 
 
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and 
Transparency rules, Octopus Titan VCT 4 plc ('Titan 4' or 'Fund') presents an 
Interim Management Statement for the period 1 May 2010 to 31 July 2010.  The 
statement also includes relevant financial information between the end of the 
period and the date of this statement. 
 
Financial Summary 
                                          As at 31 July 2010 As at 30 April 2010 
=------------------------------------------------------------------------------- 
 
 
Net assets (000s)                                     GBP19,886              GBP18,147 
 
Return on ordinary activities before tax 
(000s)                                                 GBP(296)               GBP(109) 
 
Net asset value per share ('NAV')                      93.3p               94.0p 
 
 
Investment performance 
As at 31 July 2010 the NAV of the Fund was 93.3p, which compares to 94.0p at 30 
April 2010. This decline is due to running costs incurred by the Fund in the 
period exceeding income generated from its cash holdings awaiting investment in 
suitable qualifying companies. Over the longer term as the underlying portfolio 
of investments is created, the Fund's NAV will be linked increasingly to the 
value of the investments in the portfolio companies. 
 
The Fund has a number of investment propositions under review which should 
create a good pipeline of opportunities for investments over the coming months. 
In July, the Fund completed its first investment of  GBP275,000 into Bowman Power, 
a developer of turbo-generation technology, using waste energy from diesel 
engine exhausts. 
 
A full update on this investment and any subsequent deals will be provided in 
the Annual Report for the year ending 31 October 2010. 
 
The total value of the investment portfolio at 31 July 2010 was  GBP19.9 million. 
By value, 1.4% of the Company's net assets were in unquoted investments, 28.0% 
in Octopus OEICs, leaving 70.6% in cash or cash equivalents. 
 
Qualifying Investment Portfolio: as at 31 July 2010 
Company              Sector     Carrying value  GBP'000 % of total net assets 
=------------------------------------------------------------------------- 
Bowman Power Limited Technology                  275                  1.4% 
 
 
Fund raising 
In the 3 month period to 31 July 2010, the Company raised gross proceeds of  GBP2.0 
million; total gross proceeds raised to date are  GBP21.2 million. The offer for 
new subscriptions for shares closes on 31 August 2010. 
 
Material events and transactions 
The Fund's Board is not aware of any other significant event or transaction 
which has occurred between 31 July 2010 and the date of publication of this 
statement which would have a material impact on the financial position of the 
Fund. 
 
For further information please contact: 
Alex Macpherson - Fund Manager 
Octopus Investments Limited - 0800 316 2349 
 
ENDS 
 
 
[HUG#1437994] 
 
 
 
 
 
 
 
 
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     originality of the information contained therein. 
All reproduction for further distribution is prohibited. 
 
Source: Octopus Titan VCT 4 PLC via Thomson Reuters ONE
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