Issue of Equity and Total Voting Rights

Albion Development VCT PLC

The  second allotment of New Ordinary Shares of nominal value 50 pence per share
in  Albion Development VCT PLC under the  Albion VCTs Linked Top Up Offer (which
was  launched on 1 November 2010) took place  on 22 March 2011 at an issue price
of 80.1 pence per New Ordinary Share.

Applications  for 811,163 New Ordinary Shares in Albion Development VCT PLC were
received.

The  net  proceeds  of  the  Offer  to  date  to  Albion Development VCT PLC are
approximately  £1,253,000. The Offer  will remain open  until 12 noon on 5 April
2011 unless fully subscribed and closed earlier.

Application  has been made  to the Financial  Services Authority for 811,163 New
Ordinary  Shares to  be admitted  to the  Official List  and to the London Stock
Exchange  for the New  Ordinary Shares to  be admitted to  trading on the London
Stock Exchange's market for listed securities.

It  is expected that Admission  will become effective, and  that dealings in the
shares will commence on or before, 8.00 a.m. on 29 March 2011.

As  at this second  closing of the  Albion VCTs Linked  Top Up Offer on 22 March
2011, applications  (across all seven  of the Albion  VCTs) totalling £8,559,000
were received, and have been met in full.

Due  to recent fluctuations in  the pound: Euro exchange  rate and the amount of
investors  who  have  elected  to  have  their tax-free dividends reinvested, in
accordance  with  the  "Offer  Document"  Albion anticipate that the fundraising
limit under this offer will be capped at approximately £13.3m.

Further  details of the Albion VCTs Linked  Top Up Offer (including the Investor
Guide  and Offer Document issued on 1 November 2010) can be found at www.albion-
ventures.co.uk.

Following  this allotment  and in  conformity with  the Transparency Directive's
transitional provision 6, we would like to notify the market of the following:
Albion Development VCT PLC's capital as at 23 March 2011 consists of 34,067,532
Ordinary  shares and 6,335,155 D shares, both with a nominal value of 50p each.
Albion Development VCT PLC holds 3,243,696 Ordinary shares in Treasury.

Therefore,  the total number of  voting rights in Albion  Development VCT PLC is
37,158,991, which  may  be  used  by  shareholders  as  the  denominator for the
calculations  by which they will determine if  they are required to notify their
interest  in, or a change to their interest in, Albion Development VCT PLC under
the FSA's Disclosure and Transparency Rules.


For further information, please contact:


 Patrick Reeve         020 7601 1850
 Albion Ventures LLP


23 March 2011






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Source: Albion Development VCT PLC - Ordinary Shares via Thomson Reuters ONE

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