Director Shareholding

Close Brothers Dev VCT PLC
20 November 2003

                  CLOSE BROTHERS DEVELOPMENT VCT PLC

Roderick Davidson has increased his shareholding in Close Brothers Development
VCT PLC by inheriting 20,000 Ordinary Shares from the estate of his mother.



20 November 2003



For further information please contact Patrick Reeve on 020 7426 4000


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