UAVT Unicorn Aim Ii

    Unicorn AIM VCT II plc ("the Company")

6 May 2008

Issue of Equity

In replacement of PRNUK-0605 released on 6 May 2008.

The Company announces that further to the announcement of the close of the
Offer for Subscription ("the Offer") on 28 April 2008, the final applications
under the Offer have now been processed. The Board announces a final allotment
under the Offer of 15,765 Ordinary Shares of 1p each at a price of 98p per
share on 6 May 2008.

Following this allotment the issued share capital of the Company is 23,329,249
Ordinary Shares and 12,579,053 C Shares.

The Company does not hold any shares in treasury. The total number of voting
rights in Unicorn AIM VCT II plc is 35,908,302. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, Unicorn AIM VCT II plc under the FSA's Disclosure and
Transparency Rules.

For further information please contact:
Robert Brittain at Matrix-Securities Limited, Company Secretary, on 020 7925
3300

END

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