Intention to Fundraise

Baronsmead Second Venture Trust plc

Announcement of Intention to Launch an Offer for Subscription

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 2020/21 tax year.

Full details of the Offer will be contained in a prospectus that is expected to be published in Autumn 2020. A further announcement will be made when the prospectus is available.

For further information, please contact:

Baronsmead VCT Investor Relations

Telephone - 020 3875 9862

[email protected]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014). Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.