Offer for Subscription - Update

Unicorn AIM VCT plc (the "Company")

LEI: 21380057QDV7D34E9870

Offer for Subscription - Update

The Company published a prospectus on 28 January 2025, ("the Prospectus") containing an offer for subscription of up to £20 million with an over-allotment facility for a further £5 million through the subscription of up to a maximum of 35 million ordinary shares of 1p each ("the Offer"). Full details of the Offer are contained in the Prospectus.

The Directors announced on 12 March 2025 that the £5 million over-allotment facility would be utilised, increasing the Offer to £25 million.

The Directors are pleased to announce that they have been advised that, on the basis of the applications received at this time and assuming that they are all accepted, the Offer will be over subscribed.

Completed applications, including the receipt of cleared funds in respect of such applications will normally be accepted under the Offer on a first-come, first-served basis.

Investors whose applications are unsuccessful will likely, therefore, have their subscription returned in accordance with the terms and conditions of the Offer.

31 March 2025

For further information please contact:

The City Partnership (UK) Limited (Receiving Agents for the Offer)

01484 240 910; or [email protected]

Unicorn Asset Management Limited (the Company's Investment Manager) on

020 7253 0889

ISCA Administration Services Limited (the Company Secretary) on

01392 487056; or [email protected]