Compliance with Model Code

Unicorn AIM VCT plc

8 October 2013

Compliance with the Model Code

In accordance with LR15.5.1 (4), the Board of Unicorn AIM VCT plc (the
"Company") announces that as a result of the publication of month end Net Asset
Values to a Regulatory Information Service ("RIS"), it is satisfied that all
inside information, of which the Company is aware, in the period leading up to
the announcement of the financial results for the year ended 30 September 2013
(the "Results") has previously been notified to a RIS. Therefore, the dealings
referred to in Listing Rule 15.5.1 (3) are permitted.

The Company and persons discharging managerial responsibilities for the Company
are accordingly exempt during the close period from the provisions of the Model
Code in respect of dealings in the Company's own securities, unless the
Company and/or any person discharging managerial responsibilities come into
possession of any inside information whereupon they shall not be permitted to
deal unless and until such inside information has been notified to a RIS.

The Company is also exempt during the close period from the provisions of the
Model Code in respect of purchases by the Company of its own securities and
therefore the Company intends, at the discretion of the Board, to consider
making purchases of its own shares during the close period.

In order to maximise transparency for selling shareholders, such purchases,
whether they take place during open or close periods, will normally be
transacted in close proximity to the publication of month end Net Asset Values.
The Company will not however make purchases of its own shares during any period
when the Board is aware of material, share-price sensitive information until
such information has been publicly announced.

The close period to which this notification relates is in respect of the year
ended 30 September 2013.

For further information please contact:

Elizabeth Birch
Mobeus Equity Partners LLP
Company Secretary
Telephone: [phone]
Email: [e-mail]