Net Asset Value(s)

HARGREAVE HALE AIM VCT1 PLC

NAV announcement

As at close of business on 15 October 2010, the unaudited Net Asset Value (NAV)
for

Hargreave Hale AIM VCT1 plc was as follows:

NAV per Ordinary share of 1p - 65.19 pence.

As at 15 October 2010, there were 26,410,352 ordinary shares of 1p in issue
(excluding shares held as treasury shares).

Since Keydata Investment Services Limited ("KIS") went into administration on 8
June 2009 Hargreave Hale AIM VCT 1 plc ("the Company") has continued to accrue
the 0.9% annual management charge in respect of KIS. On the 28 September the
agreement was signed between the Company and KIS administrators to agree final
settlement in respect of outstanding management charges and takeover payments
due for trail commissions owed by KIS of £39k which will be paid by the Company
in due course. A settlement figure of £60k was paid by the Company on 14 October
to the administrators of KIS and subsequently the accounts have been adjusted to
remove the KIS accrual for administration and managements charges of £211k
included in the disclosed Net Asset Value as at 8 October 2010. The net effect
on the share value of the Company in signing the agreement with KIS
administrators was an increase in NAV of 0.42 pence per share.

20 October 2010

For further information please contact:
Stuart Brookes
Company Secretary
Hargreave Hale AIM VCT1 plc
01253 754740




[HUG#1453571]








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