12 October 2023

Baronsmead Venture Trust plc

("BVT" or the "Company")

Appointment of Non-Executive Director

The Board of Baronsmead Venture Trust plc is pleased to announce the appointment of Isabel Dolan as an independent Non-Executive Director of the Company, the Chair of the Audit Committee and a member of the Management Engagement & Remuneration Committee and Nomination Committee, with effect from 1 November 2023.

Isabel has over 25 years' experience working with growth companies as a corporate financier, equity investor, lender and as a Finance Director. Her previous roles include her working with RBS and 3i, and, until 2013, as Operations Partner for Albion Capital, specialising in the finance, operations and administration of venture capital trusts.

She has been a Non-Executive Director and Chair of the Audit Committee for a NHS Trust,  and is currently Chair of St Albans Community Bank.

Isabel is an FCA and holds an MBA from London Business School.

 Fiona Miller-Smith, Chair of the Company, commented on the appointment:

"We are delighted that Isabel has agreed to join us and welcome her to an already talented Board. Isabel brings some really relevant experience from her time at 3i and Albion Ventures as well as a wider perspective of growth companies. We all very much look forward to working with her."

There are no further items requiring disclosure under Listing Rule 9.6.13 regarding Isabel Dolan's appointment.

For further information, please contact:

Baronsmead VCT Investor Relations

020 7382 0999

baronsmeadvcts@greshamhouse.com

LEI: 213800VQ1PQHOJXDDQ88