Increase of size of Offer for Subscription

Hazel Renewable Energy VCT1 plc
Hazel Renewable Energy VCT2 plc
Increase of size of Offer for Subscription
10 August 2011

The  Boards of Hazel Renewable  Energy VCT1 plc and  Hazel Renewable Energy VCT2
plc  ("the  Companies")  are  pleased  to  announce  that the Companies have now
received  applications under the  Offer for Subscription  launched on 20 October
2010 ("the  Offer") in  excess of  the original  capacity of 40 million Ordinary
Shares of 0.1p each ("Ordinary Shares") and 40 million A Shares of 0.1p each ("A
Shares").

The Boards have the option to increase the size of the Offer at their discretion
up  to a maximum of 60 million Ordinary  Shares and 60 million A Shares and have
exercised  this  discretion  to  increase  the  Offer  to  a total of 50 million
Ordinary Shares and 50 million A Shares.

As  previously announced, the Offer will  close on 10 August 2011 at 5 p.m.  The
final  allotment of shares under the Offer is  expected to take place as soon as
all applications have been processed.






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Source: Hazel Renewable Energy VCT 1 plc via Thomson Reuters ONE

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