Issue of Equity

 
TIDMIE1C

23 March 2011

Ingenious Entertainment VCT 1 plc (the "Company")

Issue of Shares & Total Voting Rights

The Company is pleased to announce that on 22 March 2011 1,412,218 E ordinary shares of 1p each ("E Shares") and 997,628 F ordinary shares of 1p each ("F Shares") were allotted and issued by the Company (together the "Allotments"). The Allotments were made pursuant to the joint offers for subscription dated 7 October 2010 (the "Offers") of up to, in aggregate, 10,000,000 E Shares comprising up to 5,000,000 E Shares in the share capital of each of the Company and Ingenious Entertainment VCT 2 plc ("VCT 2") at an offer price of 100p per E Share, together with an over-allotment facility of up to, in aggregate, a further 5,000,000 E Shares comprising up to 2,500,000 E Shares in the share capital of each of the Company and VCT 2 at an offer price of 100p per E Share, and up to, in aggregate, 10,000,000 F Shares comprising up to 5,000,000 F Shares in the share capital of each of the Company and VCT 2 at an offer price of 100p per F Share, together with an over-allotment facility of up to, in aggregate, a further 5,000,000 F Shares comprising up to 2,500,000 F Shares in the share capital of each of the Company and VCT 2 at an offer price of 100p per F Share.

An equal number of E Shares and F Shares were issued and allotted by VCT 2 on the same date.

Following the Allotments, the issued share capital of the Company will consist of 10,205,011 ordinary shares of 1p each (the "Ordinary Shares"), 2,810,596 C ordinary shares of 1p each (the "C Shares"), 6,785,624 D ordinary shares of 1p each (the "D Shares"), 1,412,218 E Shares and 997,628 F Shares with voting rights. The Company does not hold any Ordinary Shares, C Shares, D Shares, E Shares or F Shares in treasury.

Therefore, the total number of voting rights in the Company is 22,211,077. The above 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 of interest in, the Company under the FSA's Disclosure and Transparency Rules.

Applications are now being made for the E Shares and the F Shares issued pursuant to the Allotments 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 1 April 2011. CREST accounts are expected to be credited within five business days of the Allotment and definitive documents of title are expected to be dispatched within 10 business days of the Allotment.

Enquiries to:

Sarah CruickshankCompany SecretaryIngenious Entertainment VCT 1 plc15 Golden SquareLondonW1F 9JG

020 7319 4000

Ingenious 1 C (LSE:IE1C)
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