Directorate change

CROWN PLACE VCT PLC - BOARD CHANGES

This announcement includes information required under LR 9.6.

In the Crown Place VCT PLC Annual Report for 2011, it was stated that, in accordance with best practice to ensure a planned and progressive refreshing of the Board, Vikram Lall CBE had indicated to the Board that he wished to retire as a Director of the Company once a suitable replacement had been found.

The Board of Crown Place VCT PLC ('Crown Place') now announces that, following a formal and extensive selection process which included the use of a recruitment search firm, RICHARD HUNTINGFORD has been appointed to the Board with effect from today's date, and that accordingly Vikram Lall has stepped down.

Vikram became a Director of Crown Place in January 2006 and had previously been a director of Murray VCT PLC and Murray VCT 2 PLC since their incorporation. The Board wishes to thank Vikram Lall for his significant input into Board discussions and his valuable contribution to the Company over many years.

Richard Huntingford, 56, is a Chartered Accountant, qualifying in 1979. He subsequently spent 12 years at KPMG where he advised a wide range of clients, followed by 20 years in the media industry.

Richard founded Chrysalis Radio in 1994 as a start-up venture and went on to develop Chrysalis Group plc from its record label origins into a broadly based media group. Following the sale of Chrysalis Radio in 2007, he became chairman of Virgin Radio and played a key role in the sale of the company in 2008. He also served as a NED of Virgin Mobile in 2005-6 prior to that company's acquisition by NTL.

He is currently a non-executive director of Creston plc, chairman of Boomerang Plus plc and chairman of Prince's Trust Trading Limited (the commercial and events arm of Prince's Trust), and is a Governor  of Radley College.

There are no further matters under LR 9.6. to be disclosed.

Patrick Crosthwaite

Chairman

15 May 2012

For further information, please contact

Patrick Reeve

Albion Ventures LLP

0207 601 1850

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Crown Place VCT PLC via Thomson Reuters ONE

HUG#1612589