Publication of a prospectus

Publication of a prospectus

Hargreave Hale AIM 1

Offer for Subscription and Issue of Prospectus

On 5 November 2012, Hargreave Hale AIM VCT 1 plc ("the Company") launched an offer for subscription of ordinary shares of 1p each to raise up to £10 million

("the Offer"). Full details of the Offer are contained in a prospectus ("the

Prospectus"), which was published by the Company on 5 November 2012.

The Offer is subject to shareholder approval and the Company has published a circular setting out the resolutions sought and the date of a general meeting (“the Circular”). The Offer opened on 5 November 2012 and will close on 31 October 2013 (unless fully subscribed by an earlier date or closed at the Directors' discretion). Persons intending to apply for ordinary shares under the Offer for the 2012/2013 tax year should note that the deadline for such applications is 12.00 p.m. on 5 April 2013.

The Prospectus and the Circular, as well as the Offer application form, will be available until the Offer closes from:

Hargreave Hale Ltd - 9-11 Neptune Court - Hallam Way - Blackpool - FY4 5LZ

The Company's website at http://www.hargreave-hale.co.uk/fund-management/venture-capital-trusts/

The Prospectus and the Circular have been submitted to the Financial Services Authority and will shortly be available for inspection at the National Storage Mechanism, which is located at:

http://www.morningstar.co.uk/uk/NSM

For further information, please contact:

Stuart Brookes

Company Secretary

Hargreave Hale AIM VCT 1 plc

01253 754740