Publication of Prospectus

Hargreave Hale AIM VCT 1 Plc and Hargreave Hale AIM VCT 2 Plc
19 March 2010
Offer for Subscription

Hargreave  Hale AIM VCT 1 Plc and Hargreave Hale AIM VCT 2 Plc (the "Companies")
announce  that  they  have  published  a  Prospectus  to raise up to £10 million
through offers for subscription of new Ordinary Shares (the "Offer").

The  Offer will  open at  10 am on  20 March 2010 and  may be closed at any time
thereafter  but, in any  event, not later  than 3.00 pm on  1 April 2010 for the
2009/10 tax  year and 3.00 pm on 31 July 2010 for the 2010/2011 tax year, unless
extended  (but to no later  than 18 March 2011) or closed  prior to that date.
The  new Ordinary Shares will be issued at a price determined in accordance with
the Pricing Formula (as set out in the Prospectus), which will be subject to the
applicable net asset value per Ordinary Share of the relevant company during the
course of the Offer.

A   copy  of  the  Prospectus  can  be  obtained  from  the  Companies'  website
at

http://www.hargreave-hale.co.uk/VCT/aimvct/reports.htm or by contacting Oliver
Bedford on 0207 009 4937 or by emailing [e-mail].

The  Prospectus has been submitted to the UK Listing Authority ("UKLA") and will
shortly  be available  for inspection  at the  UKLA's Document Viewing Facility,
which is situated at:

Financial Services Authority
The North Colonnade
Canary Wharf
London E14 5NS


For further information please contact:

Stuart Brookes
Company Secretary - Hargreave Hale AIM VCT 1 Plc/Hargreave Hale AIM VCT 2 Plc
Tel [phone]
[e-mail]




[HUG#1395743]