Offer Update

Hargreave Hale AIM VCT plc
24 January 2019
Offer Update

On 19 September 2018, Hargreave Hale AIM VCT plc (the “Company”) launched an offer for subscription (the "Offer") of ordinary shares of 1p each in the capital of the Company to raise up to £20 million together with an over-allotment facility of up to a further £10 million (the "Over-allotment Facility"). Full details of the Offer are contained in a prospectus (the “Prospectus"), which was published by the Company on 19 September 2018.

On 28 November 2018 the Company announced that it had received valid applications in excess of £20 million and, accordingly, the directors of the Company announced that they intended to utilise £5 million of the available £10 million Over-allotment Facility.

The Company now announces that it has received valid applications in respect of the full £5 million of the Over-allotment Facility and, therefore, the directors intend to close the Offer for subscription to further applications at this time.

However, the Company reserves the right to utilise the £5 million remainder of the Over-allotment Facility at the discretion of the directors before the close of the Offer under the Prospectus.  The board of the Company will update the market in due course.

For further information please contact:

Stuart Brookes
Company Secretary – Hargreave Hale AIM VCT Plc
Tel: [phone]
[e-mail]