Circ re Enhanced Buyback Facility & Top Up ...

UNICORN AIM VCT PLC

PUBLICATION OF CIRCULAR

Summary

The board of directors ("Board") of Unicorn AIM VCT plc ("the Company") is
today sending out a circular ("Circular") to shareholders in relation to an
enhanced buyback facility, such facility being for up to 20% of the issued
share capital of the Company ("Enhanced Buyback Facility"), and an offer for
subscription for new shares ("Top Up Offer").

 

Implementation of the Enhanced Buyback Facility is subject to shareholder
approval being provided at a general meeting convened for 22 March 2013
("General Meeting") pursuant to the Circular.

As the Company has already obtained the necessary authorities to allot shares
free of pre-emption rights in connection with the Top Up Offer at the annual
general meeting of the Company held on 7 February 2013, implementation of the
Top Up Offer is not conditional on the approval of the resolutions to be
proposed at the General Meeting.

Enhanced Buyback Facility

The Company is offering to purchase up to a maximum of 11,448,886 existing
shares, which represent 20% of the issued share capital as at 21 February 2013,
subject to the proceeds of sale being reinvested in new shares.

The record date to be eligible to participate in the Enhanced Buyback Facility
is 5.00 p.m. on 21 February 2013.

The Enhanced Buyback Facility will open on 25 February 2013. The closing date
for applications pursuant to the Enhanced Buyback Facility is 12.00 noon on 28
March 2013 (subject to the Board's discretion to extend the Enhanced Buyback
Facility).

Further details on the Enhanced Buyback Facility, the terms and conditions
thereof and the tax consequences of participating, are set out in the Circular.
Shareholders are advised to consult their independent financial adviser.

Top Up Offer

The Board is also making available, to both existing Shareholders and new
investors, the opportunity to subscribe for New Shares pursuant to the Top Up
Offer to raise up to a maximum of £4.3 million.

The opening date for applications pursuant to the Top Up Offer is 22 February
2013. The closing date for applications pursuant to the Top Up Offer is 12.00
noon on 5 April 2013 in respect of the 2012/2013 tax year and 31 July 2013 in
respect of the 2013/2014 tax year (subject to the Board's discretion to extend
the Top Up Offer).

Further details on the Top Up Offer, the terms and conditions thereof and the
tax consequences of participating, are set out in the Circular. Shareholders
are advised to consult their independent financial adviser.

Availability of Documents

The Circular has been submitted to the Financial Services Authority and will
shortly be available for inspection at the National Storage Mechanism, which is
located at:

 

http://www.hemscott.com/nsm.do

 

A copy of the Circular can also be obtained from the website of Unicorn Asset
Management Limited (the Company's Investment Manager):

 

www.unicornam.com

Contact Details

For enquiries in relation to the Top Up Offer, please contact:

Luke Reeves of LGBR Capital LLP (the Promoter to the Top Up Offer), on 020 3440
7423 or by email on [e-mail]

For enquiries in relation to Enhanced Buyback Facility and for further general
information, please contact:

Chris Hutchinson of Unicorn Asset Management Limited (the Company's Investment
Manager), on 020 7253 0889.

Robert Brittain at Mobeus Equity Partners LLP (the Company Secretary) on 020
7024 7600 or by e-mail on [e-mail]

Please note that neither LGBR, Unicorn AM nor Mobeus can provide advice on the
merits of the Enhanced Buyback Facility or the Top Up Offer, or give any
financial, legal, investment or tax advice.