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Kings Arms Yard VCT PLC (KAY)

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Monday 03 October, 2011

Kings Arms Yard VCT PLC

Change of Board

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

3 October 2011


Change of Board

Following  the successful merger of Kings Arms  Yard VCT 2 PLC (which was placed
in  Members Voluntary Liquidation  on 30 September 2011), with  the Company, and
having considered the size and future composition of the Company's Board for the
enlarged  company, the  Board wishes  to announce  the following  changes to the

The Board are pleased to welcome from the board of Kings Arms Yard VCT 2 PLC, Mr
Thomas  Chambers and Mr Alan Lamb, who were appointed non-executive Directors on
3 October  2011 and who will be proposed for election at the next Annual General

Mr  Chambers  (50)  has  over  ten  years  of  operational  experience at mobile
operating  systems  provider  Symbian  Limited  (now  part  of Nokia Oyj) and at
ADSL/fixed line phone provider First Telecom plc.  Since 2002 he has had a range
of  industry, venture  capital and  government non-executive  and advisory roles
giving  him  insight  into,  in  particular,  the  technology and communications
sectors.   As CFO  of Symbian  he played  a significant  leadership role  in the
creation  of the first Smartphones.  He was also CFO of Robert Walters plc which
he  took through its listing on the London Stock Exchange in 1996.  He spent six
years  in corporate  finance at  Dresdner Kleinwort  Benson Limited after a five
year  career with  Price Waterhouse.   He is  currently a  council member of the
University  of Surrey, sits on  the advisory board of  Green Square Partners LLP
and is an associate of the

In accordance with LR 9.6.13 Mr Chambers has the following directorships:

Current                                        Past five years
Kings Arms Yard VCT 2 PLC                         Symbian Limited
Wine Equals Friends Limited                          Symbian Software Limited
                                       System C Healthcare plc

Mr  Lamb (62) has broad  experience as a manager  and entrepreneur in technology
businesses from early stage through to being part of a large public company.  He
founded Flexion Inc. in 1998 to provide new generation communication systems for
smaller  businesses.  Previously, he founded Airtech Computer Security that grew
to  become  a  highly  profitable  group  delivering  secure electronic payments
solutions.   Having  sold  Airtech  to  Racal  Electronics  PLC  in 1994, he was
divisional managing director responsible for banking and communications security
business  in  Europe  and  the  USA.   In  the  last ten years he has focused on
developing  spin-out companies  from UK  universities as  a mentor, chairman and
non-executive  director.  He  formed Blaze  Photonics which  was sold to Crystal
Fibre,  and Identum which was sold to Trend Micro.  He is currently on the board
of  Promethean  Particles,  a  supplier  of  specialist  nano-particles, and TTE
Systems,  which  provides  high-reliability  processors  and matched development
tools to the aerospace and automotive markets.

In accordance with LR 9.6.13 Mr Lamb has the following directorships:

Current                                        Past five years
Gyrometric Systems Limited                          Data Perspective Limited *
Kings  Arms  Yard  VCT  2 PLC                          Trend  Micro (Encryption)
Oxford Heyderum Limited                              Voxent Systems Limited **
Promethean Particles Limited
TTE Systems Limited

*            Data Perspective Limited was voluntarily struck off the register of
companies in 2009.
**          Voxent Systems Limited was  placed in members' voluntary liquidation
in October 2004 and struck off the register of companies in March 2007.

There is no further information relevant to LR 9.6.13 that needs to be disclosed
with respect to these appointments.

Patrick  Reeve, the managing  partner of Albion  Ventures LLP, resigned from the
Board  of Kings  Arms Yard  VCT PLC  on 3 October  2011. The Board would like to
thank  him for his commitment and guidance  to the Company since his appointment
on 1 January 2011.

3 October 2011

For further information, please contact
Patrick Reeve, Managing Partner, Albion Ventures LLP 0207 601 1850

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Source: Kings Arms Yard VCT PLC via Thomson Reuters ONE