Baronsmead NAV at 86.86p per share

The board of Baronsmead VCT plc has announced the net asset value of the company at 31 December 2002 was 86.86p per share, an increase of 9% over the three months from 30 September 2002. The total return of the vehicle, net of all costs, has exceeded that of the FTSE All-Share Index before VCT tax reliefs are taken into account for the three-year and five-year periods to 31 December 2002.