Result of AGM

HARGREAVE HALE AIM VCT 1 PLC

11 February 2011

Results of AGM




                          HARGREAVE HALE AIM VCT 1 PLC
                         Annual General Meeting held on

                           Thursday 10 February 2011



Hargreave Hale AIM VCT 1 plc ('the Company') hereby gives notification that, at
the Annual General Meeting of the Company held yesterday, all the resolutions,
as set out in full in the notice of meeting dated 20 December 2010, were duly
passed.

Resolutions 1 to 5 related to ordinary business. Resolutions 6 to 8 related to
special business and are detailed as follows:

Ordinary Resolution
6.        To authorise the Directors to allot Ordinary Shares under Section 551
of the Companies Act 2006.

Special Resolutions
7.        To authorise the Directors pursuant to Section 570 of the Companies
Act 2006 to allot equity securities for cash without regard to pre-emption
rights.
8. To authorise the Company to make market purchases of its own shares up to a
maximum of 3,932,240 ordinary shares (being 14.99% of the Ordinary Shares in
issue at 10 February 2011).

Details  of the proxy votes  in respect of the  resolutions passed at the Annual
General  Meeting received up to  48 hours before the time  of the meeting at 19
Cavendish Square, London W1A 2AW are set out below:

+---------------+-----------+-------------+-----------+------------+-----------+
|               |FOR        |DISCRETIONARY|AGAINST    |WITHHELD    |           |
|               |           |             |           |            |           |
|               |No. of     |             |No. of     |            |           |
|Resolution No. |Votes      |No. of Votes |Votes      |No. of Votes|Total Votes|
|               |           |             |           |            |           |
|               |% of Votes |% of Votes   |% of Votes |% of Votes  |% of Votes |
+---------------+-----------+-------------+-----------+------------+-----------+
|Ordinary                                                                      |
|Business                                                                      |
+---------------+-----------+-------------+-----------+------------+-----------+
|       1       |  851,351  |   42,393    |  10,211   |   6,382    |  910,337  |
|               |           |             |           |            |           |
|               |  93.52%   |    4.66%    |   1.12%   |   0.70%    |  100.00%  |
+---------------+-----------+-------------+-----------+------------+-----------+
|       2       |  796,714  |   42,393    |  20,511   |   50,719   |  910,337  |
|               |           |             |           |            |           |
|               |  87.52%   |    4.66%    |   2.25%   |   5.57%    |  100.00%  |
+---------------+-----------+-------------+-----------+------------+-----------+
|       3       |  867,944  |   42,393    |     -     |     -      |  910,337  |
|               |           |             |           |            |           |
|               |  95.34%   |    4.66%    |   0.00%   |   0.00%    |  100.00%  |
+---------------+-----------+-------------+-----------+------------+-----------+
|       4       |  811,051  |   42,393    |  16,682   |   40,211   |  910,337  |
|               |           |             |           |            |           |
|               |  89.09%   |    4.66%    |   1.83%   |   4.42%    |  100.00%  |
+---------------+-----------+-------------+-----------+------------+-----------+
|       5       |  867,944  |   42,393    |     -     |     -      |  910,337  |
|               |           |             |           |            |           |
|               |  95.34%   |    4.66%    |   0.00%   |   0.00%    |  100.00%  |
+---------------+-----------+-------------+-----------+------------+-----------+
|Special                                                                       |
|Business                                                                      |
+---------------+-----------+-------------+-----------+------------+-----------+
|       6       |  794,668  |   42,393    |  43,276   |   30,000   |  910,337  |
|               |           |             |           |            |           |
|               |  87.29%   |    4.66%    |   4.75%   |   3.30%    |  100.00%  |
+---------------+-----------+-------------+-----------+------------+-----------+
|       7       |  790,839  |   42,393    |  67,105   |   10,000   |  910,337  |
|               |           |             |           |            |           |
|               |  86.87%   |    4.66%    |   7.37%   |   1.10%    |  100.00%  |
+---------------+-----------+-------------+-----------+------------+-----------+
|       8       |  853,815  |   42,393    |  14,129   |     -      |  910,337  |
|               |           |             |           |            |           |
|               |  93.79%   |    4.66%    |   1.55%   |   0.00%    |  100.00%  |
+---------------+-----------+-------------+-----------+------------+-----------+



A  copy  of  the resolutions  approved  at  the  Annual  General Meeting will be
submitted  to the National  Storage Mechanism and  will shortly be available for
viewing online at the following web-site address:



http://www.hemscott.com/nsm.do


For further information please contact:
Stuart Brookes
Company Secretary
Hargreave Hale AIM VCT 1 plc
01253 754740








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Source: Hargreave Hale AIM VCT 1 plc via Thomson Reuters ONE

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