Unicorn Asset Management Regulatory News (UAV)

Unicorn AIM VCT PLC

LEI: 21380057QDV7D34E9870

Portfolio Update

The Directors of Unicorn AIM VCT plc (the "Company") are pleased to announce that the Company, together with other shareholders of Hasgrove Limited ("Hasgrove"), has entered into an agreement with Castik Capital S.à r.l. ("Castik") in connection with Castik's proposed acquisition of a majority stake in Hasgrove.

As part of the transaction, Unicorn AIM VCT plc, together with the former Chairman and members of the executive management team, will realise a portion of their investment for cash and, alongside Castik, will become shareholders in a new holding company established to acquire Hasgrove (the "Newco").

Hasgrove is currently the largest holding in the Company's portfolio and was most recently valued at £46.7 million in the Company's Net Asset Value ("NAV") update released as at 31 October 2025. Subject to completion of the transaction, receipt of the cash consideration and the finalisation of valuations, the Board expects the NAV to be materially higher than that reported as at 31 October 2025. In connection with the Transaction, the Company will conduct a fair value review of its interest in Newco and publish an updated NAV as soon as practicable.

The Company expects to receive total net proceeds of approximately £87 million from the transaction. Of this amount, approximately £22 million is expected to be settled through the issuance of shares in Newco, with the remaining £65m expected to be received in cash (in each case subject to completion adjustments). The Board will consider whether to declare a special dividend following completion and once final proceeds have been received, with further details (including quantum and timing) to be announced in due course.

Unicorn Asset Management Limited ("Unicorn"), the Company's Investment Manager, commented:

"Unicorn has been proud to partner with Hasgrove since backing the business at IPO in 2006, providing strategic input and working closely with the leadership team throughout its journey. This transaction delivers another significant realisation for Unicorn AIM VCT plc shareholders, crystallising significant value whilst crucially maintaining exposure to what we believe is a high-quality, cash-generative business with strong growth potential. Having engaged closely with both management and Castik, we are confident this partnership represents the right next step and look forward to working together as Hasgrove enters this exciting new chapter."

Tim Woodcock, Chair, Unicorn AIM VCT plc. commented:

"The Unicorn team have delivered an excellent result in both realising considerable cash proceeds from the investment for the Company's shareholders, and negotiating a deal which enables the VCT to participate in the future growth of Hasgrove"

For further information please contact:

Investment Manager:

Unicorn Asset Management Limited

Telephone: 020 7253 0889

Email:info@unicornam.com

Company Secretary:

ISCA Administration Services Limited

Telephone: 01392 487056

Email:unicornaimvct@iscaadmin.co.uk