Directorate change

The Company wishes to announce that, following the retirement of Geoffrey Vero
as Director and Chairman of the Audit & Risk Committee on 27 September 2010,
Rachel Beagles has been appointed Chairman of the Audit & Risk Committee.

Sir Andrew Cubie, who has been a Director of Crown Place VCT and its predecessor
company for twelve years has agreed to retire from the Board and its
subsidiaries at the forthcoming Annual General Meeting.

Sir Andrew has given generously of his time, experience and expertise over a
long period, particularly over the transition to new managers in 2005, and the
Board are grateful to him for his considerable contribution to your Company.

The Board are pleased to welcome in his place, Karen Brade who will join the
Board on 8 October 2010, and who will be proposed for re-election at the Annual
General Meeting on 9 November 2010.

Karen has over 20 years of experience in project finance and private equity,
including with the Commonwealth Development Corporation (now known as Actis),
where she held a variety of positions in equity and debt investing, portfolio
management, fund raising and investor development. Karen currently acts as an
adviser to hedge funds, family offices and private equity houses.

Karen Brade will join the Audit, Remuneration and Nomination Committees.

There is no information relevant to LR 9.6.13 that needs to be disclosed with
respect to her appointment.


The Board has discussed and agreed that the number of Directors should be
reduced from five to four members.


7 October 2010

For further information, please contact
Patrick Reeve Albion Ventures LLP 0207 601 1850


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