Offer for subscription closed

Unicorn AIM VCT plc (the "Company")

28 April 2008

Offer for subscription closed

The Board of Unicorn AIM VCT plc is pleased to announce that the top-up Offers
for Subscription for new Ordinary Shares and new Series 2 Ordinary Shares made
by the Company in its Offer Document dated 25 February 2008 has now closed. A
total of 953,533 Ordinary Shares were issued at a price of 72 pence per share
and 220,765 Series 2 Ordinary Shares at a price of 92 pence per share have been
issued and allotted subsequent to the Offer.

The issued share capital of the Company is 31,187,322 Ordinary Shares,
14,799,738 Series 2 Ordinary Shares and 4,958,036 Series 3 Ordinary Shares.

It is the Company's objective to provide Shareholders with an attractive return
from a diversified portfolio of investments predominantly in the shares of AIM
companies. This will be achieved by maximising the stream of dividend
distributions to Shareholders from both the income and capital gains generated
by the portfolio.

Unicorn Asset Management Limited will be responsible for managing the assets of
the Fund. It has one of the best track records of producing returns from AIM
companies managed in a VCT through the two Unicorn AIM VCTs and has
approximately £160m under management.

For further information please contact:

Robert Brittain at Matrix-Securities Limited, the Company Secretary on: 020
7925 3300.