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REG-Director/PDMR Shareholding <Origin Href="QuoteRef">KAY.L</Origin>

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Kings Arms Yard VCT PLC (the "Company")
Director/PDMR Transaction

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1   Details of the person discharging managerial / persons closely associated                                                                                                                
                                                                                                                                                                                              
 a)  Name                                                                                Robin Field                                                                                          
                                                                                                                                                                                              
 2   Reason for notification                                                                                                                                                                  
                                                                                                                                                                                              
 a)  Position/status                                                                     PDMR/Director                                                                                        
                                                                                                                                                                                              
 b)  Initial notification/Amendment                                                      Initial notification                                                                                 
                                                                                                                                                                                              
 3)  Details of the issuer, emission allowance market participation, auction platform,                                                                                                        
     auctioneer or auction monitor                                                                                                                                                            
                                                                                                                                                                                              
 a)  Name                                                                                Kings Arms Yard VCT PLC                                                                              
                                                                                                                                                                                              
 b)  LEI                                                                                 213800DK8H27QY3J5R45                                                                                 
 4   Details of the transaction(s): section to be repeated for (i) each type of instrument;                                                                                                   
     (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted                                                                                   
                                                                                                                                                                                              
 a)  Description of the financial instrument, type of instrument                         Ordinary shares of nominal value 1 penny each                                                        
     Identification code                                                                 GB0007174294                                                                                         
                                                                                                                                                                                              
 b)  Nature of the transaction                                                           Issue of Shares under the Albion VCTs Prospectus Top Up Offers 2017/2018                             
                                                                                                                                                                                              
 c)  Price(s) and volume(s)                                                                                  Price                      Volume                               Amount           
                                                                                                             £0.219                                        593,607        £130,000.00         
 d)  Aggregated information                                                                                                                                                                   
                                                                                                                                                                                              
     - Aggregated volume                                                                                                                                   593,607        £130,000.00         
                                                                                                                                                                                              
 e)  Date of the transaction                                                             17 November 2017                                                                                     
                                                                                                                                                                                              
 f)  Place of the transaction                                                            London Stock Exchange                                                                                

Name of authorised official of issuer responsible for making notification:

Albion Capital Group LLP - Company Secretary

Date of notification

20 November 2017
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Kings Arms Yard VCT PLC via Globenewswire

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