In March, the board of Amati AIM VCT plc (LSE:AMAT) announced that it was considering the company's strategic options in the light of the ongoing challenges in the Alternative Investment Market (?AIM?) and the resultant impact on the Company's performance. As part of this review, the Board has been working with the Company's investment manager, Amati Global Investors Limited (the ?Investment Manager?) on a proposal to widen the Company's investment strategy to facilitate investments in a broader range of securities while continuing to comply with the rules applicable to venture capital trusts (?VCTs?). While this opportunity has not concluded, the Board is continuing to review the strategic direction of the Company, with a view to evaluating whether there are any alternative options which may be available to the Company and in the best interests of shareholders.

As part of the review work undertaken to date, the Board has considered what (if any) action the Company may take to benefit shareholders in the near term. Following a review of the Company's current high cash levels, limited new investment opportunities on AIM and ongoing realisations from the portfolio, the Board has decided that it is appropriate to return excess cash to shareholders and so on May 9, 2024 to declare a special dividend of 10 pence per share, a yield of 10.9% on the Company's net asset value (?NAV?) of 92.16 pence per share as at 30 April 2024, expected to be paid on 10 June 2024 (the ?Special Dividend?).