Issue of Equity

Albion Development VCT PLC The fifth allotment under the terms of the Offer for Subscription (the "Offer") for D shares ("D Shares") in Albion Development VCT PLC (the "Company") took place on 23 March  2010, at an issue price of 100p per D Share. Applications were received under the Offer for 652,295 D Shares and will be met in full. This brings the total number of D Shares allotted to date under the Offer to 3,167,895. The net proceeds of the allotment today are £0.62 million. The net proceeds of all allotments to date under the terms of the Offer are now £3.0 million. The Offer will remain open until 5 April 2010 in respect of the 2009/2010 tax year and 30 April 2010 in respect of the 2010/2011 tax year (in respect of which a number of applications have been received) unless closed earlier. Application has been made to the Financial Services Authority for 652,295 D Shares to be admitted to the Official List and to the London Stock Exchange for the D 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, at 8.00 a.m. on 24 March 2010. For further information, please contact: Patrick Reeve 020 7601 1850 Albion Ventures LLP 23 March 2010 [HUG#1396894]
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