Issue of Equity

Unicorn AIM VCT plc (the "Company")

9 May 2011

Issue of Equity

The Company announces that on 5 May 2011 it allotted and issued 124,368 new
Ordinary Shares of 1p each ("Ordinary shares") under the Offer for Subscription
("the Offer") at a price of 116.3p per share.

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 11 May 2011.

Following this allotment the issued share capital of the Company is 60,210,026
Ordinary Shares of 1p each.

For further information please contact:

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