Directorate Change

Close Brothers Dev VCT PLC
02 November 2007



                       Close Brothers Development VCT PLC

                            Appointment of Director


The Board of Close Brothers Development VCT PLC announces that, with effect of
30 October 2007, Andrew Phillipps has joined the Board as a non executive
director.




2 November 2007

For further information please contact:

Patrick Reeve, Close Ventures Limited 020 7422 7830.




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