HARGREAVE HALE AIM VCT 1 PLC: Offer Update

Hargreave Hale AIM VCT 1 Plc and Hargreave Hale AIM VCT 2 Plc
(together the "Companies")

29 July 2011

Results of Offer

Further to the offer for subscription of new ordinary shares of 1p each in the
Companies (the "Ordinary Shares") to raise up to, in aggregate, approximately
£2.65 million (the "Offer") pursuant to a Joint Offer dated 9 March 2011, the
Companies announce that the Offers closed on the 29 July 2011.

Following the final allotment of 79,872 Ordinary Shares in Hargreave Hale AIM
VCT 1 Plc, referred to in the announcement dated 3 June 2011, in total 536,572
Ordinary Shares were issued by Hargreave Hale AIM VCT 1 Plc pursuant to the
Offer, raising gross proceeds of £372,000 for that company.

Following the final allotment of 51,866 Ordinary Shares in Hargreave Hale AIM
VCT 2 Plc, referred to in the announcement dated 3 June 2011, in total 419,406
Ordinary Shares were issued by Hargreave Hale AIM VCT 2 Plc pursuant to the
Offer, raising gross proceeds of £451,500 for that company.

For further information please contact:
Stuart Brookes
Company Secretary - Hargreave Hale AIM VCT 1 Plc/Hargreave Hale AIM VCT 2 Plc
Tel [phone]
[e-mail]








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Source: Hargreave Hale AIM VCT 1 plc via Thomson Reuters ONE

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