Transaction in Own Shares

Close Brothers Dev VCT PLC
26 September 2006


                       CLOSE BROTHERS DEVELOPMENT VCT PLC


Close Brothers Development VCT PLC announces that on 26 September 2006 it
purchased, to be held in treasury, 50,000 C Shares (representing 0.3% of the C
Share capital) at a price of 95p per C Share.

Following the purchase of the 50,000 C Shares, the total number of treasury
shares held by the Company will be 160,517 Ordinary Shares and 121,715 C Shares.
The issued share capital of the Company, less the total number of shares held in
treasury, will be 12,885,150 Ordinary Shares and 17,998,792 C Shares.


26 September 2006


For further information:


Patrick Reeve - Close Venture Management Limited      Tel: [phone]





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