UAVT Unicorn Aim Ii

    Unicorn AIM VCT II plc ("the Company")

28 April 2008

Issue of Equity

The Company announces that on 28 April 2008 it allotted and issued 33,305 new
Ordinary Shares of 1p each at a price of 98p per share and 2,247 new C Shares
of 1p each at a price of 89p per share under the Offers for subscription.

Following this allotment the issued share capital of the Company is 23,313,484
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 35,892,537. 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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