Director/PDMR Shareholding

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

1. Peter Lawrence

2. Sandra Lawrence

2.

Reason for the notification

b)

Position / status

1. Chairman

2. PCA of Chairman

c)

Initial notification / amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Baronsmead Venture Trust plc

b)

LEI

n/a

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Identification Code

Ordinary Shares of £0.10 each

ISIN: GB0002631934

b)

Nature of the transaction

Sale

c)

Price(s) and volume(s)

d)

Aggregated information

Aggregated volume

Price

17,446 shares sold

81.5p per share

e)

Date of the transaction

19-12-2016 (London)

f)

Place of the transaction

London Stock Exchange

Michael Probin, VCT Investor Relations Livingbridge VC LLP

0207 506 5796