Intention to Fundraise

Baronsmead Second Venture Trust plc

LEI: 2138008D3WUMF6TW8C28

Announcement of Intention to Launch an Offer for Subscription

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

The Directors of Baronsmead Second Venture Trust plc ("the Company") are pleased to announce that the Company intends to launch a new offer for subscription ("the Offer") during the 2022/23 tax year.

Further details of the Offer will be available when the required prospectus becomes available, which is currently expected to be by the end of 2022. A further announcement will be made when the prospectus is available.

For further information, please contact:

Baronsmead VCT Investor Relations

Telephone - 020 7382 0999

[email protected]

This announcement and the information contained herein is not intended to, and does not, constitute or form part of any offer, invitation, or the solicitation of an offer, to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities. The Offer, if made, will be made solely by certain offer documentation which will contain the full terms and conditions of the Offer, including details of how it may be accepted.

The distribution of this announcement in jurisdictions other than the United Kingdom and the availability of the Offer to persons who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom will need to inform themselves about, and observe, any applicable requirements.