Issue of Equity

Hargreave Hale AIM VCT 1 Plc (the "Company") 22 March 2011 Allotment of Shares under Offer for Subscription Further to an offer for subscription of new ordinary shares of 1p each in the Company and Hargreave Hale AIM VCT 2 Plc (the "Ordinary Shares") to raise up to, in aggregate £2.65 million (the "Offer") pursuant to a Top Up Offer dated 9 March 2011, the Company announces an allotment on 22 March 2011 of 99,405 Ordinary Shares in the Company pursuant to the Offer. The offer price at which the Ordinary Shares were allotted was 70.56p per Ordinary Share, which was calculated by reference to the net asset value of an Ordinary Share in the Company on 18 March 2011 (as announced on 21 March 2011) divided by 0.95 (to allow for issue costs of 5.00 per cent). Following the allotment, the total number of Ordinary Shares in issue is 26,655,036  excluding shares held as treasury shares. Application will be made for the Ordinary Shares so allotted 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, and dealings are expected to commence on or around the 29 March 2011. CREST accounts are expected to be credited as soon as practicable days of allotment and definitive documents of title are expected to be despatched within 15 business days of allotment. For further information please contact: Stuart Brookes Company Secretary - Hargreave Hale AIM VCT 1 Plc Tel 0207 009 4987 snb@hargreave.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Hargreave Hale AIM VCT 1 plc via Thomson Reuters ONE [HUG#1499150]
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