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Kings Arms Yard VCT PLC (KAY)

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Friday 24 June, 2011

Kings Arms Yard VCT PLC

Issue of Equity

Not for release, publication or distribution (in whole or in part) in, into or
from any jurisdiction where to do so would constitute a violation of the
relevant laws of such jurisdiction.

For immediate release

24 June 2011

                            KINGS ARMS YARD VCT PLC

                                Issue of Equity

Kings  Arms Yard VCT PLC (the "Company") announces that, further to the Dividend
Reinvestment  Scheme introduced by the Company (details of which were set out in
the  Circular  issued  to  shareholders  on  19 April  2011), the  Company today
allotted  47,257 Ordinary shares of  5p each (the "New  Ordinary shares") in the
capital  of the  Company.  The  New Ordinary  shares were  issued at  a price of
15.93p, comprising  the net asset value at 31 December 2010 less the dividend of
0.67 pence per Ordinary share.

Accordingly,  application  has  been  made  to  the UK Listing Authority for the
admission  of the  New Ordinary  shares to  the Official  List of the UK Listing
Authority  and to trading on the London  Stock Exchange's main market for listed
securities  and it is expected that  dealings will commence on 27 June 2011. The
New  Ordinary shares  will rank  pari passu  in all  respects with  the existing
Ordinary shares in issue.

Following  the  issue  of  the  New  Ordinary  Shares, Kings Arms Yard VCT PLC's
capital as at 24 June 2011 consists of 110,417,392 ordinary shares.

Therefore  the  total  number  of  voting  rights  in Kings Arms Yard VCT PLC is
110,417,392 which  may  be  used  by  shareholders  as  the  denominator for the
calculations  by which they will determine if  they are required to notify their
interest in, or a change to their interest in, Kings Arms Yard VCT PLC under the
FSA's Disclosure and Transparency rules.

Further information regarding the Company and its activities is available on the
Company's web page at

or contact:

Isabel Dolan
Albion Ventures LLP - Corporate Company Secretary
Kings Arms Yard VCT PLC
Tel:  020 7601 1850

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Source: Kings Arms Yard VCT PLC via Thomson Reuters ONE