Result of EGM

Close Brothers Aim Vct PLC
12 February 2004

12 February 2004



                           Close Brothers AIM VCT plc



                                 Result of EGM



The Directors of Close Brothers AIM VCT plc ('the Company') are pleased to
announce that both resolutions put to the Extraordinary General Meeting today
were passed.  The Company's life has therefore been extended to 2009 and the
Articles of Association correspondingly amended.



The Directors are also pleased to announce that the application list for the
Offer for Subscription of 'D' Shares is now open.  All applications made to date
will be accepted. The Directors would also like to draw attention to the table
on page 9 of the prospectus (and page 5 of the mini prospectus) relating to AIM
Venture Capital Trusts started in tax years 1997/98 and 1998/99.  The second
mentioned Venture Capital Trust included in the table should read 'Pennine AIM
VCT (II)' rather than 'Pennine AIM VCT'.



The application list will remain open until 31 March 2004 unless the maximum of
£15 million is received prior to that date.



Enquiries:

Close Investment Limited
Andrew Buchanan           020 7426 4000
Kate Tidbury              020 7426 4000



Brewin Dolphin
Elizabeth Kennedy         0141 221 7733
Kenneth Fleming           0141 221 7733



Brewin Dolphin            (as Marketing Agent)
Lenny Norstrand           020 7246 1162




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