Doc re. Proposed New Share Issue

ALBION DEVELOPMENT VCT PLC


Proposed New Share Issue

The Board  of  Albion  Development  VCT  PLC  ("the  Company")  today
announces its current intention to launch a new D share issue in  the
Autumn of this year, to raise £25m before expenses (the "Offer").

The Offer would create a separate  class of shares (D Shares) in  the
Company which  would  eventually  merge with  the  existing  Ordinary
shares.

Albion Ventures LLP, the Manager of  the Fund, will manage the  offer
process, and Brewin Dolphin Limited has agreed to act as sponsors.

The issue  will be  subject to  shareholder approval,  and a  further
announcement will be made in due course.



Patrick Reeve - Tel: [phone]
Gemma Gooch - Tel: [phone]
Albion Ventures LLP
18 June 2009

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