REG-Ingenious Entertainment VCT 1 plc Issue of Equity

LONDON--(Business Wire)--

6 April 2010

Ingenious Entertainment VCT 1 plc (the "Company")

Issue of Shares & Total Voting Rights

The Company is pleased to announce that on 1 April 2010 4,192,080 D ordinary
shares of 1p each ("D Shares") were allotted and issued by the Company and on 3
April 2010 a further 1,660,734 D Shares were allotted and issued by the Company
(together, the "Allotments").

The Allotments were made pursuant to the offer for subscription dated 16
November 2010 (the "Offer") of up to, in aggregate, 10,000,000 D Shares
comprising up to 5,000,000 D 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 D
Share, together with an over-allotment facility of up to, in aggregate, a
further 10,000,000 D Shares comprising up to 5,000,000 D Shares in the share
capital of each of the Company and VCT 2 at an offer price of 100p per D Share.

The Company was advised on 1 April 2010 that included in the Allotments were
103,000 D Shares in the Company which were allotted and issued on 1 April 2010
to Patrick McKenna, who is a non-executive director of both the Company and VCT
2 (representing 1.76% of that class of share as at that date).

An equal number of D Shares 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 "CShares") and 5,852,814 D Shares, with voting
rights. The Company does not hold any Ordinary Shares, C Shares or D 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 and 5,852,814 in respect of holdings of D Shares.

Application is now being made for 5,852,814 D Shares 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, which is expected to take place at the
earliest practical opportunity. CREST accounts are expected to be credited
within five business days of the Allotments and definitive documents of title
are expected to be dispatched within 10 business days of the Allotments.

As a result of the demand from investors the board of directors of the Company
have exercised their discretion to use the over-allotment facility and extend
the amount of the Offer by a further 3,000,000 D Shares comprising up to
1,500,000 D Shares in the share capital of each of the Company and VCT 2 at an
offer price of 100p per D Share.

The Offer has also been extended to 3pm on 30 July 2010 or such earlier date on
which the directors of the Company and VCT 2 may resolve to close the Offer.

Enquiries to:

Sarah Cruickshank
Company Secretary
Ingenious Entertainment VCT 1 plc
15 Golden Square
London
W1F 9JG

020 7319 4000

Ingenious Entertainment VCT 1 plc

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