Close of Offer to Further Applications

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

Amati AIM VCT plc

21 February 2022

Amati AIM VCT plc (the "Company")

Legal Entity Identifier: 213800HAEDBBK9RWCD25

Close of Offer to Further Applications

The Board of Amati AIM VCT plc (the "Company") announced on 14 February 2022 that the offer for subscription to raise up to £40,000,000 (with an over-allotment facility to raise up to a further £25,000,000) (the "Offer") as detailed in a prospectus published by the Company on 28 July 2021 (the "Prospectus") had re-opened and that the Board was seeking to raise the full £25,000,000 available under the over-allotment facility.

The Company today announces that it has received valid applications in respect of the full £25 million over-allotment facility and, accordingly, that the Offer is now fully subscribed and closed to further applications.

As previously announced, it is intended that the first allotment of shares under the Offer is expected to be in the week commencing 28 February 2022 and in any event not before the conclusion of the general meeting of the Company due to be held on 2 March 2022.

For further information, please contact the investor line at Amati Global Investors on 0131 503 9115 or by email at [email protected].

Important Information

This Announcement is an advertisement for the purposes of the Prospectus Regulation Rules of the UK Financial Conduct Authority ("FCA") and is not a prospectus. This Announcement does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to subscribe for or to acquire, any ordinary shares in Amati AIM VCT plc (the "Company") in any jurisdiction, including in or into Australia, Canada, Japan, the Republic of South Africa, the United States or any member state of the EEA (other than any member state of the EEA where the Company's securities may be lawfully marketed). Investors should not subscribe for or purchase any ordinary shares referred to in this Announcement except on the basis of information in the prospectus (the "Prospectus") in its final form, published on 28 July 2021 by Amati AIM VCT plc in connection with the offer for subscription and the supplementary prospectus published on 18 January 2022 related thereto. Copies of the Prospectus and the supplementary prospectus are available for inspection, subject to certain access restrictions, from the Company's registered office, for viewing at the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website (www.amatiglobal.com). Approval of the Prospectus by the FCA should not be understood as an endorsement of the securities that are the subject of the Prospectus. Potential investors are recommended to read the Prospectus and the supplementary prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with a decision to invest in the Company's securities.