Offer Update

Offer Update

Hargreave Hale AIM 1

31 July 2015

Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM VCT 2 plc

Offers for Subscription - Update

On 2 October 2014 Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM VCT 2 plc (together “the Companies”) published a Prospectus in relation to offers for subscription for new ordinary shares of 1p each in each of the Companies, to raise in aggregate up to £20 million (before issue costs) (the “Offers” and each an “Offer”).

On 7 July 2015 the directors of Hargreave Hale AIM VCT 2 plc announced that, on the basis of the Subscription Forms received as at the close of business on 6 July 2015, the Hargreave Hale AIM VCT 2 plc Offer is fully allocated.

The directors of Hargreave Hale AIM VCT 1 plc have been advised that, on the basis of the Subscription Forms received as at the close of business on 30 July 2015, the Hargreave Hale AIM VCT 1 plc Offer is fully allocated.

The Ordinary Shares are expected to be allotted shortly, following the publication of a supplementary prospectus to be issued in respect of the results for Hargreave Hale AIM VCT 1 plc for the half year ended 31 March 2015 and Hargreave Hale AIM VCT 2 plc for the year ended 28 February 2015.

For further information please contact:

Stuart Brookes

Company Secretary – Hargreave Hale AIM VCT 1 and 2 Plc

Tel [phone]

[e-mail]

N+1 Singer Advisory

James Maxwell / Tom Smale

Tel [phone]

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