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REG-Issue of Equity and Total Voting Rights and Capital <Origin Href="QuoteRef">KAY.L</Origin>

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KINGS ARMS YARD VCT PLC

Issue of Equity and Total Voting Rights and Capital

213800DK8H27QY3J5R45

Kings Arms Yard VCT PLC (the "Company") announces that, further to the
Dividend Reinvestment Scheme (details of which were set out in the Dividend
Reinvestment Scheme Terms & Conditions issued to shareholders on 19 April
2011) the Company allotted 686,439 Ordinary shares of 1p each (the "New
Ordinary shares") in the capital of the Company on 31 October 2017. The New
Ordinary shares were issued at a price of 21.31p per Ordinary share,
comprising the most recent net asset value less the dividend of 0.5 pence per
Ordinary share.

Of the 686,439 New Ordinary shares allotted on 31 October 2017, an application
has been made to the UK Listing Authority for the admission of 456,888 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 1 November 2017. The New
Ordinary shares will rank pari passu in all respects with the existing
Ordinary shares in issue.

A further application will be made to the UK Listing Authority for the 229,551
remaining shares to be admitted to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's main market for listed
securities. It is expected that dealings will commence on 7 November 2017. 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, the capital of the Company as
at 31 October 2017 consists of 313,378,367 Ordinary shares of which 40,980,000
are in Treasury.

Therefore, the total number of voting rights in the Company is 272,398,367
which may be used by shareholders or other persons 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, the Company under the FCA's
Disclosure and Transparency Rules.

For further information please contact:

Vikash Hansrani
Albion Capital Group LLP

31 October 2017

Tel:  020 7601 1850
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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