AGM Statement

Unicorn AIM VCT plc

18 January 2007

AGM Statement

Unicorn AIM VCT plc is pleased to announce that all resolutions proposed at the
Annual General Meeting held today, 18 January 2007, were approved by
Shareholders.

A quorum was not present at either of the separate class meetings of Ordinary
Shareholders and S2 Shareholders held today and these were adjourned until 9.30
am and 9.40 am respectively on Friday, 19 January 2007.

The Board is encouraged by the further progress achieved by both the Ordinary
Share Fund and the S2 Share Fund since the Company's financial year end on 30
September 2006. During the three month period ending 31 December, 2006 the Net
Asset Values for the Ordinary Share Fund and the S2 Share Fund appreciated by a
further 7.8% and 7.3% respectively and both Funds continue to be the best
performers since launch in their respective peer groups.

As previously reported, all of the legislative tests relating to the running of
the Company continue to be met and most importantly substantially more than 70%
of total assets are held in qualifying investments.

The Directors believe that there will continue to be a wide range of attractive
investment opportunities in the AIM market in the coming years. In order to
take advantage of these opportunities we are pleased to announce a further
opportunity to invest in the Company through a £20 million issue of series 3
(S3) shares.

The capital raised by an issue of S3 Shares will be managed as a separate pool
of funds with the advantage of a discrete 3-year window for the 70% qualifying
test. The S3 shares will be issued at 100 pence per share and the offer, which
is expected to commence on 19 February 2007, will be available both to existing
Shareholders in the Company and to new investors.