Hargreave Hale Aim VCT 2 : Offer Update

Hargreave Hale AIM 2

Offer Update

Hargreave Hale AIM 2

7 July 2015

Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM VCT 2 plc

Offers for Subscription - Update

On 2 October 2015 Hargreave Hale AIM VCT 1 plc and Hargreave Hale AIM VCT 2 plc (together "the Companies") published a Prospectus in relation to offers for subscription for new ordinary shares of 1p each in each of the Companies, to raise in aggregate up to £20 million (before issue costs) (the "Offers" and each an "Offer").

The directors of Hargreave Hale AIM VCT 2 plc have been advised that, on the basis of the Subscription Forms received as at the close of business on 6 July 2015, the Hargreave Hale AIM VCT 2 plc Offer is fully allocated. The Ordinary Shares are expected to be allotted shortly, following the publication of a supplementary prospectus to be issued in respect of the results for Hargreave Hale AIM VCT 2 plc for the year ended 28 February 2015.

The Offer for Hargreave Hale AIM VCT 1 plc is not yet fully allocated and will be open until 30 September 2015 (unless fully subscribed by an earlier date). On the basis of Subscription Forms received as at the close of business on 6 July 2015 Hargreave Hale AIM VCT 1 plc has raised £9.61 million.

For further information please contact:

Stuart Brookes

Company Secretary - Hargreave Hale AIM VCT 1 and 2 Plc

Tel [phone]

[e-mail]

N+1 Singer Advisory

James Maxwell / Tom Smale

Tel [phone]

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