Directorate Change

Close Brothers Dev VCT PLC
02 July 2007


                       Close Brothers Development VCT PLC

                            Appointment of Director


The Board of Close Brothers Development VCT PLC announces that, with effect of 2
July 2007, Geoffrey Vero will be joining the Board as a non executive director.



2 July 2007


For further information please contact:


Patrick Reeve, Close Ventures Limited 020 7422 7830.



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