Issue of Equity

Unicorn AIM VCT plc

LEI: 21380057QDV7D34E9870

Issue of Equity

The Board of Unicorn AIM VCT plc ("the Company") is pleased to announce that on 7 November it allotted and issued 4,703,731 new Ordinary Shares of 1p each ("Ordinary Shares") at a price range of between 167.9p and 174.1p per share under the Offer for Subscription launched on 25 July 2017. This brings the total raised to date to approximately £27.4 million after costs.

Application has been made to the UK Listing Authority and the London Stock Exchange for the new Ordinary Shares to be admitted to the Official List and to trade on the London Stock Exchange's main market for listed securities, and dealings are expected to commence on 9 November 2017.

Following this allotment, the Company now has 115,472,281 Ordinary Shares in issue.

For further information please contact:

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

01392 487056; or unicornaimvct@iscaadmin.co.uk

Chris Hutchinson at Unicorn Asset Management Limited (the Company's Investment Manager) on 020 7253 0889.

7 November 2017