Top up offer update fully subscribed offer closed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF 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

LEI: 213800HAEDBBK9RWCD25

22 February 2021

On 19 February 2021 the Directors of Amati AIM VCT plc (the "Company") announced the launch of a top-up offer of up to 4,000,000 New Shares in the Company by way of an Offer for Subscription to raise approximately £7,000,000 (the "Offer").

The Directors have been advised that, on the basis of Subscription Forms and Electronic Subscription Forms received, the Offer has become fully subscribed. In accordance with the terms of the Offer investors whose subscriptions are received after the Offer became fully subscribed will have their subscription monies returned.

The allotment of New Shares under the Offer is expected to be on or around 8 March 2021. Dealings in the new ordinary shares issued pursuant to the Offer will become effective on or around 12 March 2021.

The Company reserves the right to decline to allot shares on uncleared funds and will not bear any responsibility if New Shares are not allotted to applicants as a result. The deadline for receipt of cleared funds is 12 noon on 5 March 2021. Applicants should allow at least three days for funds to clear.

The information document for the Offer, which contains the full terms and conditions, is available at www.amatiglobal.com.

Further information

For further information please contact Samantha Dalby on 0131 503 9115 or email: [email protected].

Notes

This announcement does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any investment in any jurisdiction, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor.