Offer for Subscription - Update

Unicorn AIM VCT PLC ("the Company")

Offer for Subscription - Update

The Board announced the Company's annual results for the year ended 30
September 2013 on 3 December 2013 and copies of the annual report and accounts
can now be downloaded from the Company's website www.unicornaimvct.co.uk.

Following the publication of these results, the Board is now restricted from
allotting new ordinary shares ("New Shares") relating to the offer for
subscription to raise up to £20 million ("Offer") announced on 20 September
2013 until it has published a supplementary prospectus ("Supplementary
Prospectus") which has to be approved by the UK Listing Authority prior to
publication.

Subject to the UK Listing Authority's approval of the Supplementary Prospectus
and the closing of the subsequent statutory withdrawal period of two business
days, the Board anticipates that the next allotment of New Shares relating to
the Offer should take place on or around 20 December 2013, which will include
all valid applications received by the receiving agent up to the close of
business on 17 December 2013.

As set out in the prospectus published by the Company on 20 September 2013, the
New Shares allotted pursuant to the Offer will rank pari passu with the
existing shares in issue in respect of dividends declared from the date of
issue of the relevant New Shares. As a result, any allotment of New Shares on
or around 20 December 2013 should result in such shareholders being entitled to
receive the year-end dividend of 6p per share (as proposed in the annual
results for the year ended 30 September 2013 and subject to shareholder
approval), which has a record date of 27 December 2013 and is payable on 31
January 2014.

Contact details for further enquiries:

Luke Reeves
LGBR Capital LLP (the Promoter to the Offer)
020 3195 7100
[e-mail]

Chris Hutchinson
Unicorn Asset Management Limited (the Investment Manager)
020 7253 0889
[e-mail]

Robert Brittain
Mobeus Equity Partners LLP (the Company Secretary)
020 7024 7600
[e-mail]