Offer for Subscription closed

Unicorn AIM VCT plc (the "Company")

31 May 2007

Offer for subscription closed

The Board of Unicorn AIM VCT plc is pleased to announce that the Offer for
Subscription for Series 3 Ordinary Shares made by the Company in its prospectus
dated 19 February 2007 has now closed. A total of 4,958,036 Series 3 Shares
have been issued and allotted subsequent to the Offer, the shares being
subscribed for in full at £1 per share.

The issued share capital of the Company is 30,977,172 Ordinary Shares,
15,635,524 Series 2 Ordinary Shares and 4,958,036 Series 3 Ordinary Shares.

It is the Company's objective to provide shareholders with an attractive return
from a diversified portfolio of investments, which will be predominantly
invested in the shares of AIM companies.

Its funds are managed by Unicorn Asset Management Limited, which has an
exceptional track record in the domain of smaller companies investment.

For further information please contact:

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