Offer for Subscription and Issue of Prospectus

Unicorn AIM VCT plc

Offer for Subscription and Issue of Prospectus

Unicorn AIM VCT plc (Company) has today launched an offer to raise up to £15 million through the subscription of up to a maximum of 15 million ordinary shares of 1p each (Offer). Full details of the Offer are contained in a prospectus (Prospectus), which was published by the Company today.

The Offer opens today and will close for applications at 5.30 p.m. on 29 March 2021 (or, if earlier, as soon as the Offer is fully subscribed or otherwise at the board's discretion). Applications can be made for the 2020/2021 tax year and/or the 2021/2022 tax year.

Priority will be given to applications under the Offer received from existing shareholders by 5.30 p.m. on 11 February 2021 (but subject to receiving cleared funds in respect of the application by no later than 5.30 p.m. on 18 February 2021).

It is currently envisaged that there will be three allotments of shares pursuant to the Offer on 8 March 2021, 1 April 2021 (or, if earlier, following full subscription) and 6 April 2021. Allotment of shares may, however, be made more or less frequently at the discretion of the Board. Listing and commencement of dealings is expected to take place three business days following allotment.

The Prospectus has been submitted to the Financial Conduct Authority and copies of the Prospectus will shortly be available for download from the Company's website (http://www.unicornaimvct.co.uk) and from the National Storage Mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism).

For further information, please contact:

Promoter to the Offer and Investment Manager to the Company

Unicorn Asset Management Limited

Chris Hutchinson

Telephone: 020 7253 0889

Email: [email protected]

Distributor to the Offer

LGBR Capital LLP

Ben Fox

Telephone: 020 3195 7100

Email: [email protected]