Issue of Equity

Hargreave Hale AIM VCT 1 Plc
(the "Company")
31 March 2010
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 £10 million (the "Offer")  pursuant to a prospectus dated 19 March
2010, the  Company announces  an allotment  on 30 March 2010 of 200,719 Ordinary
Shares in the Company pursuant to the Offer.

The  offer  price  at  which  the  Ordinary  Shares were allotted was 67.52p per
Ordinary  Share, which was calculated by reference  to the net asset value of an
Ordinary  Share in the Company on 26 March 2010 (as announced on 30 March 2010)
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
25,870,079 excluding shares held as treasury shares.

Dealings  in the Ordinary Shares so allotted are expected to commence on 8 April
2010. 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 [phone]
[e-mail]




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