Offer Update

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

9 March 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, £10 million (the
"Offer") pursuant to a prospectus dated 19 March 2010, the Companies announce
that the Offers closed on the 8 March 2011.

Following the final allotment of 623,804 Ordinary Shares in Hargreave Hale AIM
VCT 1 Plc, referred to in the announcement dated 8 March 2011, in total
2,159,831 Ordinary Shares were issued by Hargreave Hale AIM VCT 1 Plc pursuant
to the Offer, raising gross proceeds of £1,470,000 for that company.

Following the final allotment of 596,121 Ordinary Shares in Hargreave Hale AIM
VCT 2 Plc, referred to in the announcement dated 8 March 2011, in total
1,831,306 Ordinary Shares were issued by Hargreave Hale AIM VCT 2 Plc pursuant
to the Offer, raising gross proceeds of £2,002,500 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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