Issue of Equity

Unicorn AIM VCT PLC
11 March 2004



Unicorn AIM VCT Plc (the 'Company')

11 March 2004

Issue of Equity


Unicorn AIM VCT Plc announces that on 11 March 2004 it allotted and issued
533,565 new Series 2 Ordinary Shares of 1p each under the offer for subscription
at a price of 100p.  The new shares increase the issued share capital to
34,867,234 Ordinary Shares and 3,948,278 Series 2 Ordinary Shares.


For further information please contact:

Sarah Penfold at Matrix-Securities Limited, the Company Secretary on : 020 7292
0823.



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