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 21 November it allotted and issued 3,771,956 new Ordinary Shares of 1p each ("Ordinary Shares") at a price range of between 166.3p and 169.8p per share under the Offer for Subscription launched on 25 July 2017. This allotment raised approximately £6.2 million after costs and brings the total raised up to the closing date of the Offer to approximately £33.6 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 22 November 2017.

Following this allotment, the Company now has 119,244,237 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.

21 November 2017