HARGREAVE HALE AIM VCT PLC

AGM Information • Jul 22, 2011

Administration Office Hargreave Hale Ltd ⁹- 1-1 Neptune Court Whitehills Business Park Blackpool FY4 sLZ

Telephone + (0) 1253 621.575 Fax+44 (0) 1253 294228 aimvct@ hargreave.com

Com pa ny N um ber: 5941261,

Notice of Special Business

of

Hargreave Hale Aim VCT 2Plc

Passed on 22 July 2011-

At an Annual General Meeting of the above named Company, duly convened and held at 19 Cavendish Square, London WL4 2AW on22 July 2011 the following resolutions were passed as special business, Resolution 6 as an Ordinary Resolution and 7 and 8 as Special Resolutions.

Resolution 6

1. THAT, in substitution for existing authorities to the extent unused, the Directors be and are hereby generally and unconditionally authorised in accordance with Section 551 of the Companies Act 2006 ("the Act") to exercise all the powers of the Company to allot ordinary shares of 1p ("Ordinary Shares") each in the capital of the Company and to grant rights to subscribe for or convert any security into Ordinary Shares in the Company ("Rights") up to an aggregate nominal value of €30,000, this authority to expire on the earlier of the conclusion of the Company's next annual general meeting in 2OL2 and the expiry of L5 months from the passing of this resolution (unless previously revoked, varied or extended by the Company in general meeting), but so that this authority shall allow the Company to make before the expiry of this authority offers or agreements which would or might require Ordinary Shares to be allotted or Rights to be granted after such expiry.

Resolution 7

1. THAT, in substitution for any existing power under Section 570 of the Act, but without prejudice to the exercise of any such power prior to the date hereof, the Directors be and are hereby empowered during the period commencing on the passing of this resolution and expiring on the conclusion of the Company's next annual general meeting in 20L2 or on the expiry of L5 months from the date of the passing of this resolution, whichever is the earlier (unless previously revoked, varied or renewed by the Company in general meeting pursuant to Section 570 of the Act), to allot equity securities (as defined in Section 560(1) and 560(2) of the Act) for cash pursuant to the authority given in accordance with Section 551 of the Act, pursuant to resolution (6) above, or by way of sale of treasury shares, as if Section 561 of the Act did not apply to any such allotment or sale, but so that this authority shall allow the Company to make offers or agreements before the expiry and the Directors may allot equity securities in pursuance of such offers or agreements as if the powers conferred hereby had not so expired.

Registered Office: 19 Cavendish Square, London W1A 2AW. Incorporated in England and Wales, Company number 0594126I

Resolution 8

• 1. THAT in substitution for any existing authority but without prejudice to the exercise of any such power prior to the date hereof, the Company be generally and unconditionally authorised to make one or more market purchases (within the meaning of Section 1.63(3) of the Act) of Ordinary Shares on such terms and in such manner as the Directors may determine (either for cancellation or for the retention as treasury shares for future re-issue, transfer or cancellation) provided that:
• a) the maximum aggregate number of Ordinary Shares authorised to be purchased is such number thereof being L4.99% of the issued share capital;
• b) the maximum price which may be paid for an Ordinary Share is an amount equal to the maximum amount permitted to be paid in accordance with the rules of the UK Listing Authority in force as at the date of purchase;
• c) the minimum price which may be paid for an Ordinary Share is its respective nominal value;
• d) this authority shall expire at the conclusion of the Company's next annual general meeting in 2012 or on the expiry of 15 months following the passing of the resolution, whichever is the earlier (unless previously revoked, varied or renewed by the Company in general meeting); and
• e) the Company may make a contract or contracts to purchase Ordinary Shares under this authority before the expiry of the authority which will or may be executed wholly or partly after the expiry of the authority, and may make a purchase of Ordinary Shares in pursuance of any such contract or contracts.

Company Secretary