Director Shareholding

Close Brothers Dev VCT PLC
4 April 2002



                       CLOSE BROTHERS DEVELOPMENT VCT PLC

                      Notification of director's interests


The Company announces that Jonathan Thornton, a director of the Company, has
today subscribed for 10,000 shares at £1 per share.


4 April 2002





For further information please contact:

Patrick Reeve - Close VCT Management

Tel: [phone]

John West/Justin Griffiths - Tavistock Communications Ltd

Tel: [phone]





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