Amendment to terms of Investment Management Arr...

UNICORN AIM VCT PLC ("the Company")

Amendment to the Terms of Investment Management Arrangements

13 April 2010

The Chairman has today written to all shareholders to inform them that the
terms agreed with the Investment Manager have been changed so that under the
Incentive Agreement the net asset value per share ("NAV") must in future be not
less than the higher of the NAV at 30 September 2010 or 125p before the
Investment Manager can qualify for any payment under the Agreement.

Also the minimum effective term of the Investment Management Agreement will be
two years from the effective date of the merger with Unicorn AIM VCT II rather
than three years.

For further enquiries please contact:

Peter Dicks
Chairman
Telephone: [phone]

Rob Brittain or Ross Lacey of Matrix-Securities Limited
Company Secretary
Telephone: [phone]

Chris Hutchinson of Unicorn Asset Management Limited
Investment Manager
Telephone: [phone]