Issue of Equity

Hargreave Hale AIM VCT 1 Plc
(the "Company")
22 March 2011
Allotment of Shares under Offer for Subscription


Further  to an offer for  subscription of new ordinary  shares of 1p each in the
Company and Hargreave Hale AIM VCT 2 Plc (the "Ordinary Shares") to raise up to,
in  aggregate £2.65 million  (the "Offer") pursuant  to a Top  Up Offer dated 9
March  2011, the  Company  announces  an  allotment  on 22 March 2011 of 99,405
Ordinary Shares in the Company pursuant to the Offer.

The  offer  price  at  which  the  Ordinary  Shares were allotted was 70.56p per
Ordinary  Share, which was calculated by reference  to the net asset value of an
Ordinary  Share in the Company on 18 March 2011 (as announced on 21 March 2011)
divided by 0.95 (to allow for issue costs of 5.00 per cent).

Following  the  allotment,  the  total  number  of  Ordinary  Shares in issue is
26,655,036  excluding shares held as treasury shares.

Application  will be made for the Ordinary  Shares so allotted to be admitted to
the Official List of the UK Listing Authority and to trading on the London Stock
Exchange's  market for listed securities, and  dealings are expected to commence
on  or around the 29 March  2011. CREST accounts are expected  to be credited as
soon  as practicable  days of  allotment and  definitive documents  of title are
expected to be despatched within 15 business days of allotment.


For further information please contact:

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








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

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