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UNIQUE MOBILITY ANNOUNCES COMPLETION OF PRIVATE PLACEMENT

 UNIQUE MOBILITY ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
 DENVER, March 30 /PRNewswire/ -- Unique Mobility Inc. (OTC) announced today that it has completed agreements with Advent International Corp. (Boston) and affiliated funds for the purchase of $1,200,000 8 percent Secured Subordinated Convertible Term Notes with warrants. Net proceeds from the sale will be used for working capital and other general corporate purposes.
 The Notes provide for quarterly payments of interest commencing July 1, 1992 and six equal quarterly payments of principal plus accrued interest commencing July 1, 1996. The Notes may be prepaid in full at any time after Jan. 1, 1995 subject to certain conditions. Further the Notes are convertible into common shares of the company, in whole or in part, at any time at the lower of the average market price of the common stock for the 30 day period prior to conversion or $1.80 per share.
 Coincident to the issuance of the Notes, Unique granted to Advent seven year warrants to acquire 790,000 shares of the company's common stock at the lower of the average market price of the company's common stock for the 30 day period immediately prior to exercise or $2.40 per share.
 In addition, Unique has agreed to appoint a representative of Advent to serve on Unique's board of directors.
 Advent is a venture capital company owned and funded by various industrial organizations including ABB Asea Brown Boveri Ltd. (Zurich), Nippon Steel Corp. (Tokyo), Aluminum Co. of America (Pittsburgh) amongst others.
 Ray Geddes, the president of Unique, said, "We are delighted to have Advent as an investor in the company. The investment by Advent provides the company with additional resources to pursue the commercialization of its proprietary technology and the continued development of strategic relationships with major corporations on a worldwide basis."
 Unique is a publicly held, Englewood, Colo. based engineering concern active in the design and development of electric motors and related electronic controls for automotive, aerospace, and general industrial applications.
 -0- 3/30/92
 /CONTACT: Ray A. Geddes or Donald A. French both of Unique Mobility, 303-761-2137/ CO: Unique Mobility Inc.; Advent International Corp. ST: Colorado, Massachusetts IN: ARO AUT SU:


MC -- DV004 -- 2720 03/30/92 09:01 EST
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Date:Mar 30, 1992
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