Offer Update

Offer Update

Hargreave Hale AIM 1

HARGREAVE HALE AIM VCT 1 PLC

Closure of Offers for Subscription and Issue of Equity

The Boards of Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM VCT 2 plc announce that they will each close their respective existing offers for subscription which opened in 2013. A final allotment of new ordinary shares in respect of these offers will be made on 25 September 2014 for applications received no later than 11am on 25 September 2014.

Intention to launch new offers for subscription

The Directors of Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM VCT 2 plc are pleased to announce their intention to launch new offers for subscription for new shares (“Offers”) to raise up to £10 million in each Company. The new offers, which will be open to new and existing shareholders, are expected to launch in early October 2014 and will be subject to shareholder approval.

12 September 2014

For further information please contact:

Stuart Brookes

Company Secretary

Hargreave Hale AIM VCT 1 plc

01253 754740