Issue of Equity

Hazel Renewable Energy VCT1 plc
Hazel Renewable Energy VCT2 plc
Issue of Equity
31 May 2011

The  Boards of Hazel  Renewable Energy VCT1  plc ("Hazel 1") and Hazel Renewable
Energy VCT2 plc ("Hazel 2") announce allotments which took place on 27 May 2011
in  respect of funds of £1,609,540 that  have been raised under the joint Offers
for Subscription of the companies that opened on 20 October 2010.

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 27 May 2011 are as follows:

                             Issue price         Number of
 Company   Share class         per share   shares allotted

 Hazel 1   Ordinary Shares         99.9p           818,170

 Hazel 1   A Shares                 0.1p           818,170

 Hazel 2   Ordinary Shares         99.9p           791,370

 Hazel 2   A Shares                 0.1p           791,370


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 Offer for Subscription for the 2011/2012 tax year is expected to remain open
until 1 August 2011 unless previously extended or fully subscribed earlier.






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Source: Hazel Renewable Energy VCT 2 plc via Thomson Reuters ONE

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