Director/PDMR Shareholding

1.

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

a)

Name

1. Peter Lawrence

2. Louise Lawrence

3. Michael Lawrence

2.

Reason for the notification

b)

Position / status

1. Chairman

2. PCA of Chairman

3. 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

213800VQ1PQHOJXDDQ88

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

Purchased shares as part of the Offer for Subscription.

c)

Price(s) and volume(s)

d)

Aggregated information

Aggregated volume

Price

N/A - Single transaction

e)

Date of the transaction

31-10-2017

f)

Place of the transaction

London Stock Exchange (XLON)

1.

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

a)

Name

Valerie Marshall

2.

Reason for the notification

b)

Position / status

Non-Executive Director

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

213800VQ1PQHOJXDDQ88

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

Purchased shares as part of the Offer for Subscription.

c)

Price(s) and volume(s)

d)

Aggregated information

Aggregated volume

Price

N/A - Single transaction

e)

Date of the transaction

31-10-2017

f)

Place of the transaction

London Stock Exchange (XLON)

1.

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

a)

Name

Les Gabb

2.

Reason for the notification

b)

Position / status

Non-Executive Director

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

213800VQ1PQHOJXDDQ88

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

Purchased shares as part of the Offer for Subscription.

c)

Price(s) and volume(s)

d)

Aggregated information

Aggregated volume

Price

N/A - Single transaction

e)

Date of the transaction

31-10-2017

f)

Place of the transaction

London Stock Exchange (XLON)

1.

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

a)

Name

1. Christina McComb

2. Peter John Linacre

2.

Reason for the notification

b)

Position / status

1. Non-Executive Director

2. PCA of Non-Executive Director

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

213800VQ1PQHOJXDDQ88

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

Purchased shares as part of the Offer for Subscription.

c)

Price(s) and volume(s)

d)

Aggregated information

Aggregated volume

Price

N/A - Single transaction

e)

Date of the transaction

31-10-2017

f)

Place of the transaction

London Stock Exchange (XLON)

Michael Probin, VCT Investor Relations Livingbridge VC LLP

0207 506 5796