Offers for Subscription

22 January 2014

Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc and Baronsmead
VCT 4 plc

OFFERS FOR SUBSCRIPTION

Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc and Baronsmead
VCT 4 plc (together, "the Companies") announce that they have published a
Prospectus (comprising a Securities Note, Registration Document and Summary) in
relation to offers for subscription for new Ordinary Shares of 10p each in each
of the Companies to raise, in aggregate, up to £40 million (before issue costs)
(the "Offers").

The Offers open on 22 January 2014 and are expected to close no later than 2
April 2014 (unless fully subscribed by an earlier date or previously extended
by the directors to no later than 25 April 2014).

To obtain a copy of the Prospectus, private investors and financial advisers
should call ISIS EP LLP on 020 7506 5717. A downloadable version of the
Prospectus will also be available from www.baronsmeadvcts.co.uk.

Copies of the Prospectus are available, free of charge, from the Companies'
registered office at 100 Wood Street, London, EC2V 7AN.

In accordance with the Listing Rules, the Prospectus has been submitted to the
National Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM.

Enquiries:

For further information, please contact:

Michael Probin - VCT Investor Relations Director

ISIS EP LLP

Telephone: [phone]