Issue of Equity

Unicorn AIM VCT plc (the "Company")

15 May 2007

Issue of Equity

Unicorn AIM VCT plc announces that on 15 May 2007 it allotted and issued
358,181 new Series 3 Ordinary Shares of 1p each under the offer for
subscription at a price of 100p. The new shares increase the issued share
capital to 30,977,172 Ordinary Shares, 15,635,524 Series 2 Ordinary Shares and
4,857,107 Series 3 Ordinary Shares.

For further information please contact:

Sarah Penfold at Matrix-Securities Limited, the Company Secretary on :
020 7925 3300.