Issue of Equity

 
TIDMIE1C

6 April 2011

Ingenious Entertainment VCT 1 plc (the "Company")

Issue of Shares & Total Voting Rights

The Company is pleased to announce that on 5 April 2011 1,300,717 E ordinary shares of 1p each ("E Shares") and 510,806 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.

The same number of E Shares and F Shares as specified above 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"), 2,712,935 E Shares and 1,508,434 F Shares. 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 10,205,011 in respect of holdings of Ordinary Shares, 2,810,596 in respect of holdings of C Shares, 6,785,624 in respect of holdings of D Shares, 2,712,935 in respect of holdings of E Shares and 1,508,434 in respect of holdings of F Shares.

Therefore, the total number of voting rights in the Company is 24,022,600. 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 of interest in, the Company under the FSA's Disclosure and Transparency Rules.

The Company was advised on 5 April 2011 that included in the Allotments were 51,662 E Shares and 51,662 F Shares in the Company which were allotted and issued on 5 April 2011 to Patrick McKenna, who is a non-executive director of both the Company and VCT 2, for a total consideration of GBP51,662 for the E Shares and GBP51,662 for the F Shares. Also included in the Allotments were 25,875 E Shares and 25,875 F Shares in the Company which were allotted and issued on 5 April 2011 to Margaret McKenna, who is Patrick McKenna's wife, for a total consideration of GBP25,875 for the E Shares and GBP25,875 for the F Shares.

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 8 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.

The Offers have been extended to 5pm on 29 July 2011 or such earlier date on which the directors of the Company and VCT 2 may resolve to close the Offers.

Enquiries to:

Sarah CruickshankCompany SecretaryIngenious Entertainment VCT 1 plc15 Golden SquareLondon

W1F 9JG

020 7319 4000

Ingenious 1 C (LSE:IE1C)
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