Issue of Supplementary Prospectus

Issue of Supplementary Prospectus

6 March 2013

The boards of Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc,
Baronsmead VCT 4 plc and Baronsmead VCT 5 plc (the "Companies") announce that
they have published a supplementary prospectus (the "Supplementary Prospectus")
relating to the offers for subscription for new ordinary shares of 10p each in
the capital of each of the Companies made pursuant to a prospectus issued on 20
November 2012 by each of the Companies to raise up to £30 million.

The Supplementary Prospectus refers to the publication by each of Baronsmead
VCT 4 plc and Baronsmead VCT 5 plc of their respective financial results for
the year ended 31 December 2012 (together, the "2012 Accounts"), certain
information from which is incorporated by reference into the Supplementary
Prospectus.

Copies of the Supplementary Prospectus and the 2012 Accounts have been
submitted to the Financial Services Authority and will shortly be available for
inspection at the National Storage Mechanism, which is located at:

www.morningstar.co.uk/uk/nsm

A downloadable version of the Supplementary Prospectus will also be available
free of charge from www.baronsmeadvcts.co.uk and from the Companies' registered
office at 100 Wood Street, London, EC2V 7AN.

Enquiries:

For further information, please contact:

Michael Probin - VCT Investor Relations Director
ISIS EP LLP
Telephone: [phone]