Unicorn Asset Management Regulatory News (UAV)

Unicorn AIM VCT plc

Merger Results

This announcement is made by Unicorn AIM VCT plc ("the Company") in connection with the acquisition by the Company of Rensburg Aim VCT plc ("RAVCT"), by way of a scheme of reconstruction of RAVCT pursuant to Section 110 of the Insolvency Act 1986 whereby RAVCT will be placed in members' voluntary liquidation and all of its assets and liabilities transferred by the appointed liquidators to the Company ("Scheme"), details of which were contained in an announcement made on 27 October 2015 ("Announcement") and RAVCT's circular to RAVCT shareholders dated 27 October 2015 ("RAVCT Circular"). A copy of the RAVCT Circular was available for inspection from RAVCT's website at www.rensburgaimvct.co.uk and the national storage mechanism at www.morningstar.co.uk/uk/NSM (as detailed in the Announcement).

The board is pleased to advise that the resolution proposed at the general meeting of RAVCT held today was duly passed to be able to implement and effect the Scheme.

By way of implementation of the Scheme, the assets and liabilities of RAVCT have been transferred to the Company in consideration for the issue of new ordinary shares of 1p each in the capital of the Company ("Shares") as set out below.

The total number of Shares issued to RAVCT shareholders in connection with the Scheme was 7,075,352 at a deemed issue price of 162.614416555011p per share. Following implementation of the Scheme, the capital of the Company as at 12 January 2016 consists of 87,055,583 shares.

Application will shortly be made for all the Shares issued pursuant to the Scheme to be admitted to the Official List and to trading on the main market of the London Stock Exchange. It is expected that admission will become effective and that trading will commence on 13 January 2016. CREST accounts are also expected to be credited on 13 January 2016.

For further information, please contact:

Jon Carslake at ISCA Administration Services Limited (the Company Secretary) on

01392 487056; or unicornaimvct@iscaadmin.co.uk

12 January 2016