Issue of Equity

Unicorn AIM VCT plc (the "Company")

7 July 2011

Issue of Equity

The Company announces that on 6 July 2011 it allotted and issued 102,196 new
Ordinary Shares of 1p each ("Ordinary shares") under the Offer for Subscription
("the Offer") at a price of 120.4p per share.

Application has been made for the new Ordinary Shares to be admitted to the
Official List of the UK Listing Authority and dealings are expected to commence
on 12 July 2011.

Following this allotment the issued share capital of the Company is 59,659,238
Ordinary Shares of 1p each.

These new shares in the Company have been issued subsequent to the offer for
subscription launched on 14 December 2010 ("the Offer"). A total of £3.4
million has been raised to date under the Offer. The last date for submission
of applications under the Offer was 30 June 2011.

For further information please contact:

Robert Brittain at Matrix-Securities Limited, Company Secretary, on 020 3206
7000.