Directorate Change

Baronsmead Second Venture Trust plc

Directorate change

The Board of Baronsmead Second Venture Trust plc (the "Company") is pleased to announce the appointment of Tim Farazmand as an independent Non-Executive Director of the Company, with effect from 1 May 2020.

Tim currently holds non-executive directorships and advisory appointments on a number of private enterprises. Tim has extensive business leadership skills and brings a wide experience of understanding the challenges faced by companies to ensure investment return. He was previously Chair of the British Venture Capital Association and a Director of BVCA Impact Investment Advisory Group.

Sarah Fromson, Chair of the Company, commented on the appointment:

 "I am delighted to have Tim join our Board bringing his extensive experience of investing in private equity markets."

Other than as set out above, there are no items requiring disclosure under paragraph 9.6.13 of the UKLA's Listing Rules.

27 February 2020

For further information, please contact:

Baronsmead VCT Investor Relations

020 3875 9862

[email protected]