Issue of Equity

Hazel Renewable Energy VCT1 plc
Hazel Renewable Energy VCT2 plc
Issue of Equity
7 December 2010

The  Boards of Hazel  Renewable Energy VCT1  plc ("Hazel 1") and Hazel Renewable
Energy  VCT2  plc  ("Hazel  2") announce  allotments  in  respect  of  funds  of
£10,986,460 that have been raised under the joint Offers for Subscription of the
companies that opened on 20 October 2010.

The details of the allotments which took place on 6 December 2010 and 7 December
2010 are as follows:

                             Issue price         Number of
 Company   Share class         per share   shares allotted

 Hazel 1   Ordinary Shares         99.9p         5,491,260

 Hazel 1   A Shares                 0.1p         5,491,260

 Hazel 2   Ordinary Shares         99.9p         5,495,200

 Hazel 2   A Shares                 0.1p         5,495,200


Application  for  the  Ordinary  Shares  and  A  Shares  of both companies to be
admitted  to the Official List of the UK Listing Authority and to trading on the
London  Stock  Exchange's  market  for  listed  securities  will  be made at the
earliest practical opportunity.

The  Offers for Subscription  are expected to  remain open until 5 April 2011 in
respect of the 2010/2011 tax year and 30 April 2011 in respect of the 2011/2012
tax year unless previously extended or fully subscribed earlier.








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Source: Hazel Renewable Energy VCT 1 plc - Ordinary Shares via Thomson Reuters ONE

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