Total Voting Rights and Issue of Equity

31 May 2011

                           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 Circular issued  to shareholders on 27 August 2008), the Company
today  allotted 78,843 Ordinary shares  of 50p each (the  "New Ordinary Shares")
and  8,551 D Shares  of 50p each  (the ''New  D Shares'')  in the capital of the
Company.

The  New Ordinary  Shares were  issued at  a price  of 72.9p, comprising the net
asset  value  at  31 December  2010 of  75.4 pence  per  Ordinary share less the
dividend  of 2.5 pence  per Ordinary  share. The  New D  Shares were issued at a
price  of 91.75 pence,  comprising the  net asset  value at  31 December 2010 of
93.0 pence less the dividend of 1.25 pence per D Share.

Accordingly,  application  has  been  made  to  the UK Listing Authority for the
admission  of the  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 1 June 2011. The
New  Ordinary Shares and D Shares will rank  pari passu in all respects with the
existing Ordinary shares and D Shares in issue.

Following the issue of the New Ordinary Shares and New D shares the Company will
have   34,244,164 Ordinary  shares  and  6,343,706 D  shares  in  issue.  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
31,000,468 in  respect of Ordinary  shares and 6,343,706 in  respect of D shares
and  the  total  voting  rights  are  37,344,174. 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:      020 7601 1850







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

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