Merger Results

Kings Arms Yard VCT PLC ("Company")

Merger Results

30 September 2011

This announcement is made by Kings Arms Yard VCT PLC ("the Company") in
connection with the merger of the Company with Kings Arms Yard VCT 2 PLC ("KAY
2") to be completed by way of a scheme of reconstruction of KAY 2 pursuant to
Section 110 of the Insolvency Act 1986 ("the Scheme") and the transfer by KAY 2
of all of its assets and liabilities to the Company, details of which were
contained in the Company's prospectus ("the Prospectus") and circular to
shareholders ("the Circular") both dated 25 August 2011.

The Board is pleased to advise that the resolution proposed at the general
meeting of KAY 2 held today was duly passed to be able to implement and effect
the Scheme.

By way of implementation of the Scheme, the assets and liabilities of KAY 2 have
been transferred to the Company in consideration for the issue of new ordinary
shares of 5p each in the capital of the Company ("Shares") as set out below.

The total number of Shares issued to KAY 2 shareholders in connection with the
Scheme was 99,050,205, at a deemed issue price of 16.5349p per share.  Following
implementation of the Scheme there are now 209,467,597 Shares in issue in the
Company.

Application will shortly be made for all the Shares issued pursuant to the
Scheme to be admitted to the Official List and to trading on the main market of
the London Stock Exchange.  It is expected that admission will become effective
and that trading will commence on 3 October 2011. CREST accounts are also
expected to be credited on 3 October 2011.

For further enquiries please contact:

Albion Ventures LLP
Patrick Reeve/Robert Whitby-Smith
Telephone: [phone]






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Source: Kings Arms Yard VCT PLC via Thomson Reuters ONE

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