Issue of Equity

Unicorn AIM VCT plc (the "Company")

6 April 2011

Issue of Equity

The Company announces that on 5 April 2011 it allotted and issued 1,071,328 new
Ordinary Shares of 1p each at a price of 115.9p per share under the Offer for
Subscription launched on 14 December 2010.

Application has been made for the new Ordinary Shares to be admitted to the
Official List of the UK Listing Authority and dealings are expected to commence
on 8 April 2011.

Following this allotment the Company now has 60,085,658 Ordinary Shares of 1p
each in issue.

For further information please contact:

Robert Brittain at Matrix-Securities Limited, Company Secretary, on 020 3206
7000.