Issue of Supplementary Prospectus

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

ISSUE OF SUPPLEMENTARY PROSPECTUS

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
supplementary prospectus ("the Supplementary Prospectus") relating to the
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 Supplementary Prospectus refers to the publication by each of Baronsmead
VCT 3 plc and Baronsmead VCT 4 plc of their respective financial results for
the year ended 31 December 2013 (together, "the Accounts"), certain information
from which is incorporated by reference into the Supplementary Prospectus.

Copies of the Supplementary Prospectus and the Accounts have been submitted to
the Financial Conduct 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
from www.baronsmeadvcts.co.uk or, alternatively, copies are available, free of
charge, from the Companies' registered office at 100 Wood Street, London EC2V 7AN.

For further information, please contact:

Michael Probin - VCT Investor Relations Director

ISIS EP LLP

Telephone: [phone]