Hazel Renewable Energy VCT 1 plc : Issue of Equity

Hazel Renewable Energy VCT1 plc
Hazel Renewable Energy VCT2 plc
Issue of Equity
2 April 2012

The Boards of Hazel Renewable Energy VCT1 plc ("Hazel 1") and Hazel Renewable Energy VCT2 plc ("Hazel 2") announce allotments which took place on 2 April 2012 in respect of funds of £4,171,466 that have been raised under the joint Offers for Subscription of the companies that opened on 1 March 2012.

Details of the allotments of ordinary shares of 0.1p each (Ordinary Shares) and 'A' shares of 0.1p each ('A' Shares) which took place on 2 April 2012 are as follows:

Company	Share class	Issue price per share	Number of shares allotted
Hazel 1	Ordinary Shares	104.9p	1,949,406
Hazel 1	'A' Shares	0.1p	2,599,208
Hazel 2	Ordinary Shares	104.9p	2,022,158
Hazel 2	'A' Shares	0.1p	2,696,196

Included in the above is 649,802 'A' Shares in Hazel 1 and 674,038 'A' Shares in Hazel 2 in respect of Management 'A' Shares which have been unconditionally allotted and issued to members of the management team.

Application for the Ordinary Shares and 'A' Shares of both companies to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made at the earliest practical opportunity.

The Offers for Subscription have now closed.

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Hazel Renewable Energy VCT 1 plc via Thomson Reuters ONE

HUG#1599551