REG-Baronsmead AIMVCTPLC: Allotment of shares and close of offer

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Tue Apr 6, 2010 6:18am EDT 

Baronsmead AIM VCT plc                             

Offer for subscription of New Ordinary Shares to raise up to the sterling
equivalent of €2.5million (i.e. approximately £2.2m)

Baronsmead AIM VCT plc ("the Company") announces the allotment on 1 April 2010
of New Ordinary Shares pursuant to the Offer for subscription which had raised
£512,000 at that date.

The first allotment took place on Friday 19 March 2010 with respect to £302,500
that had been raised at that date. The final allotment was with respect to £209,500 
subscribed between Monday 22 March and Thursday 1 April 2010 when the
Offer closed.

Based on the latest published net asset value of an existing Ordinary Share
("NAV") as at 31 March 2010, the Offer Price of the New Ordinary Shares
allotted on Thursday 1 April 2010 was 75.00p per New Ordinary Share.

In accordance with the Offer document dated 15 February 2010, the Offer Price
at which the New Ordinary Shares are allotted in the Company is calculated on
the basis of the following formula (the "Pricing Formula"):

Latest published net asset value of an existing Ordinary Share divided by 0.95
(to allow for issue costs of 5 per cent.) rounded up to the nearest 0.5p per
share.

As a result, the Offer Price was calculated as follows:

          Offer Price of New Ordinary Shares Allotted on 1 April 2010          

                                         Baronsmead AIM VCT plc    
                                                                   
                                         (pence per New Ordinary   
                                                 Share)            
                                                                   
Latest published NAV                              71.19            
                                                                   
Latest published NAV divided by 0.95              74.94            
                                                                   
Offer Price (rounding up to nearest               75.00            
0.5p)                                                              

The number of shares allotted and the total number of shares in issue after the
allotment are shown below:

                               Shares allotted (1) Shares in issue 
                                                      following    
                                                    allotment (2)  
                                                                   
Baronsmead AIM VCT plc               283,773          27,984,132   

 1. includes shares allotted with respect to any commissions waived and
    reinvested
   
 2. includes 234,000 shares held in Treasury
   
Dealing in the New Ordinary Shares of Baronsmead AIM VCT plc is expected to
commence by 9 April 2010. Definitive documents of title and income tax relief
certificates are expected to be dispatched within ten business days of
allotment.

The Offer for subscription closed on Thursday 1 April 2010.

For further information please contact:

Michael Probin VCT Investor Relations ISIS EP LLP 020 7506 5796



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