As a result of the transaction described above, the VCT has had a significant level of cash returned from the investee companies after the year end. The board of Hazel Renewable Energy VCT1 Plc intends to distribute the majority of these funds to shareholders and is proposing special dividends of 7.3 pence on ordinary shares and 3.7 pence on 'A' shares. These dividends will be paid on 28 February 2014 to shareholders on the register at 14 February 2014.

Additionally, the board is also proposing final dividend of 5.0 pence on ordinary shares in respect of the year end September 30, 2013. The final dividends will be subject to Shareholder approval at the AGM on 25 March 2014 and will be paid on 28 March 2014 to Shareholders on the register at 7 March 2014.