Result of AGM & EGM

Unicorn AIM VCT plc
 
AGM, EGM and Class Meeting Results
 
26 February 2010
 
The board ("Board") of Unicorn AIM VCT plc ("the Company") announces 
that at the annual general meeting of the Company held on 25 February 2010, 
all of the resolutions proposed as set out in the notice of annual general 
meeting contained in the annual report and accounts of the Company for the year 
ended 30 September 2009 were duly passed as follows:
 
Resolution 1 to receive and adopt the Directors' Report and audited Financial Statements 
for the year ended 30 September 2009;
Resolution 2 to approve the Directors' Remuneration Report;
Resolution 3 to re-appoint PKF (UK) LLP as auditors to the Company;
Resolution 4 to re-elect Jocelin Harris as a director of the Company;
Resolution 5 to elect James Grossman as a director of the Company.
 
Details of the proxy votes in respect of the resolutions passed at the annual general 
meeting received are set out below:
                      
Votes                Resolution 1       Resolution 2       Resolution 3      
                     Number of Votes    Number of Votes    Number of Votes   
                                                                             
For                  1,335,913 (94.30%) 1,187,500 (84.95%) 1,296,183 (91.50%)
                                                                             
Discretionary        80,692 (5.70%)     84,271 (6.03%)     116,843 (8.25%)   
                                                                             
Against              0 (-)              126,089 (9.02%)    3,579 (0.25%)     
                                                                             
Withheld             0 (-)              18,275 (-)         0 (-)             
                                                                             
                                                                             
                                                                             
Votes                Resolution 4       Resolution 5                         
                     Number of Votes    Number of Votes                      
                                                                             
For                  1,247,524 (89.08%) 1,195,481 (85.66%)                   
                                                                             
Discretionary        111,566 (7.97%)    121,866 (8.73%)                      
                                                                             
Against              41,290 (2.95%)     78,258 (5.61%)                       
                                                                             
Withheld             16,225 (-)         21,000 (-)                           
                                                                             
 
The Board further announces that at the extraordinary adjourned general meeting 
of the Company held on 25 February 2010, the resolutions proposed in connection 
with the consolidation of the share capital of the Company and the proposed merger 
with Unicorn AIM VCT II plc ("VCT II") to be completed by way of a scheme of reconstruction 
of VCT II pursuant to Section 110 of the Insolvency Act 1986 ("Scheme")
and the transfer by VCT II of all of its assets and liabilities to the Company 
as set out in the circular to shareholders dated 29 January 2010 were duly passed as follows
 
Resolution 1 to consolidate the share capital of the Company, amend the articles 
of association and purchase the deferred shares arising on such consolidation;
Resolution 2 to acquire the assets and liabilities of VCT II and authorise 
the issue of shares pursuant thereto;
Resolution 3 to renew share allotment and buy-back authorities;
Resolution 4 to approve revised management arrangements with Unicorn Asset Management Limited; and
Resolution 5 to approve the cancellation of the Company's share premium account.
 
In respect of Resolution 4 a poll was requested by shareholder(s) in attendance 
at the extraordinary general meeting.  The number of votes cast in favour was 3,505,918 
and the number of votes cast against was 311,548.
 
Details of the proxy votes in respect of the resolutions passed 
at the extraordinary general meeting received are set out below:
 
Votes                Resolution 1       Resolution 2       Resolution 3      
                     Number of Votes    Number of Votes    Number of Votes   
                                                                             
For                  3,639,208 (95.49%) 3,644,794 (95.49%) 3,633,361 (95.19%)
                                                                             
Discretionary        118,861 (3.12%)    118,861(3.12%)     128,961(3.38%)    
                                                                             
Against              53,190 (1.39%)     53,190 (1.39%)     54,523 (1.43%)    
                                                                             
Withheld             5,586 (-)          0 (-)              0 (-)             
                                                                             
                                                                             
                                                                             
Votes                Resolution 4       Resolution 5                         
                     Number of Votes    Number of Votes                      
                                                                             
For                  3,350,630 (90.19%) 2,313,483 (94.01%)                   
                                                                             
Discretionary        103,913 (2.79%)    149,148 (3.94%)                      
                                                                             
Against              260,648 (7.02%)    75,500 (2.05%)                       
                                                                             
Withheld             101,654 (-)        32,176 (-)                           
                                                                             
 
The Board also announces that at separate adjourned class meetings of the holders 
of ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"), 
series 2 ordinary shares of 1p each in the capital of the Company ("S2 Shares") 
and series 3 ordinary shares of 1p each in the capital of the Company ("S3 Shares") 
held on 26 February 2010 resolutions approving resolutions 1 and 2 proposed at 
the extraordinary general meeting held on 25 February 2010 (and any variation to 
class rights resulting therefrom) were duly passed.  Details of the proxy votes 
received in respect of the resolution passed at the separate class meetings are set out below:
 
Ordinary Shares Class Meeting:
 
              Number of Votes   
For           2,403,008 (95.97%)
                                
Against       23,090 (0.92%)    
                                
Discretionary 77,761 (3.11%)    
                                
Withheld      0 (-)             
                                
 
S2 Shares Class Meeting:
 
              Number of Votes  
For           796,503 (95.70%) 
                               
Against       10,100 (1.21%)   
                               
Discretionary 25,725 (3.09%)   
                               
Withheld      0 (-)            
                               
 
S3 Shares Class Meeting:
 
              Number of Votes  
For           565,282 (99.10%) 
                               
Against       0 (0%)           
                               
Discretionary 5,150 (0.10%)    
                               
Withheld      0 (-)            
                       
 
A copy of the resolutions passed at all the above meetings will shortly be available 
for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
 
Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
 
Telephone: [phone]
 
For further enquiries please contact:

Rob Brittain/Ross Lacey
Matrix-Securities Limited
Company Secretary

Telephone: [phone]