Issue of Equity

Unicorn AIM VCT plc (the "Company")

28 January 2011

Issue of Equity

The Company announces that on 27 January 2011 it allotted and issued 651,791
new Ordinary Shares of 1p each at a price of 115.4p per share under the Offer
for Subscription launched on 14 December 2010.

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 1 February 2011.

Following this allotment the Company now has 59,208,255 Ordinary Shares of 1p
each in issue.

For further information please contact:
Robert Brittain at Matrix-Securities Limited, Company Secretary, on 020 3206
7000.