Issue of Equity and Total Voting Rights

30 September 2013

Albion Development VCT PLC

Total Voting Rights and Issue of Equity

Albion Development VCT PLC (the "Company") announces that, further to the Dividend Reinvestment Scheme introduced by the Company (details of which were set out in the Dividend Reinvestment Scheme Terms & Conditions issued to shareholders December 2011), the Company today allotted 107,805 Ordinary Shares of 1p each (the "New Ordinary Shares") and 17,506 D Shares of 1p each (the ''New D Shares'') in the capital of the Company. 

The New Ordinary Shares were issued at a price of 72.1 pence, comprising the net asset value at 30th June 2013 less the dividend of 2.5 pence per Ordinary share. The New D Shares were issued at a price of 99 pence per share, comprising the net asset value at 30th June 2013 less the dividend of 2.5 pence per D Share.

Accordingly an application has been made to the UK Listing Authority for the admission of 17,506 D Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities and it is expected that dealings will commence on or before 1 October 2013. The New D Shares will rank pari passu in all respects with the existing D Shares in issue.

Of the 107,805 New Ordinary shares allotted on 30 September 2013, an application has been made to the UK Listing Authority for the admission of 65,718 New Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities and it is expected that dealings will commence on or before 1 October 2013. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary shares in issue.

A further application for the remaining 42,087 New Ordinary Shares will be submitted to the UK Listing Authority to be admitted to the Official List of the UK Listing Authority and for trading on the London Stock Exchange's main market for listed securities. It is expected that dealings will commence on or before 9 October 2013. The New Ordinary shares will rank pari passu in all respects with the existing Ordinary shares in issue.

Following the issue of the New Ordinary Shares and New D Shares Albion Development VCT PLC capital as at 30 September 2013 consists of 37,728,166 Ordinary shares and 6,381,604 D shares in issue. Albion Development VCT PLC holds 3,715,000 Ordinary shares and 25,625 D shares in Treasury.

Therefore the total number of voting rights in Albion Development VCT PLC is 34,013,166 in respect of Ordinary shares and 6,355,979 in respect of D shares and the total voting rights are 40,369,145. These figures 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:

Isabel Dolan
Albion Ventures LLP
Tel: [phone]

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

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

HUG#1732271