BNS Baronsmead 4

Baronsmead VCT 4 plc

Update of Intention to Launch an Offer for Subscription

On 18 November 2013 the Directors of Baronsmead VCT 4 plc ("the Company")
announced the Company's intention to launch an offer for subscription ("the
Offer") to raise up to £5 million (before issue costs). The Company's intention
is to now raise up to £10 million (before issue costs).

The funds raised by the Company pursuant to its Offer will be added to the
liquid resources available for investment so as to put the Company into a
position to take advantage of attractive investment opportunities over the next
two to three years.

The Offer will be open to new investors as well as existing shareholders. Full
details of the Offer will be contained in a prospectus that is expected to be
published later this month.

For further information, please contact:

Michael Probin - VCT Investor Relations Director

ISIS EP LLP

Telephone: 020 7506 5796