Issue of Equity

Albion Development VCT PLC

Update on D share offer
The total shares subscribed under the Offer, including those for the 2010/11 tax
year is 6,001,630.

Allotment of D shares on 5 April 2010
The  sixth 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 5 April 2010, at an issue price of 100p per D Share.

Applications  were received under  the Offer for  2,792,235 D Shares and will be
met in full. This brings the total number of D Shares allotted to date under the
Offer to 5,960,130.

The  net proceeds of the allotment today  are £2.64 million. The net proceeds of
all allotments to date under the terms of the Offer are now £5.64 million.

Application  has been made  to the Financial  Services Authority for 2,792,235 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 6 April 2010. CREST accounts are expected
to  be credited within five business  days of allotment and definitive documents
of title and income tax relief certificates are expected to be dispatched within
ten business days of allotment.


The  Offer will remain open until  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.

For further information, please contact:



  Patrick Reeve         020 7601 1850
  Albion Ventures LLP


6 April 2010




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