Hazel Renewable Energy VCT1 plc - Issue of Equity

Hazel Renewable Energy VCT1 plc LEI: 213800IVQHJXUQBAAC06

Issue of equity23 October 2018

The Directors of Hazel Renewable Energy VCT1 plc (“Hazel 1”) announce further allotments on 23 October 2018 pursuant to the Top Up Offers for Subscription that opened on 17 September 2018 (“Offers”) as follows:

Offer number	Share class	Average price per share	Number of shares allotted
1	Ordinary Shares of 0.1p each	124.73p	272,572
1	‘A’ Shares of 0.1p each	0.1p	272,572
2	Ordinary Shares of 0.1p each	125.22p	479,101
2	‘A’ Shares of 0.1p each	0.1p	479,101

Application for the shares 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 will be made shortly. Dealings are expected to commence on or around 29 October 2018.

Included in the above are allotments on 23 October 2018 to Directors and PDMRs as follows:

Director/PDMR		SharesAllotted	Share class	Issue price	Shareholding after transaction	% of shares in issue
Duncan Grierson	Director	16,635	Ordinary shares	120.23p	16,635	0.07	%
Duncan Grierson	Director	16,635	A shares	0.1p	16,635	0.04	%

Following this allotment, the issued share capital (excluding shares held in Treasury) and total voting rights of the Company are as follows:

Share class	Issued share capital	Voting rightsper share	Voting rights
Ordinary Shares	25,446,115	1,000	25,446,115,000
‘A’ Shares	37,786,025	1	37,786,025
			25,483,901,025