Cancellation of Treasury Shares

ALBION DEVELOPMENT VCT PLC
                                                                                                                                    
  
CANCELLATION OF TREASURY SHARES AND TOTAL VOTING RIGHTS AND CAPITAL

Albion Development VCT PLC (the "Company") announces that it has today cancelled 25,625 D shares out of treasury.

Following this transaction, and in conformity with the provisions of DTR 5.6, we would like to notify the market of the following:

The Company's capital as at 30 March 2015 consists of 43,814,804 Ordinary shares and 6,388,197 D shares, both with a nominal value of 1 penny each. The Company holds 4,306,700 Ordinary shares in Treasury.
           
Therefore, the total number of voting rights in the Company is 39,508,104 in respect of Ordinary shares and 6,388,197 in respect of D shares giving total voting rights of 45,896,301. These figures may be used by shareholders 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.

30 March 2015

Company Secretary

Albion Ventures LLP

Tel: [phone]

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: Albion Development VCT PLC - Ordinary Shares via Globenewswire

HUG#1907565