Transaction in Own Shares

Close Brothers Dev VCT PLC
29 September 2005



                       CLOSE BROTHERS DEVELOPMENT VCT PLC




Close Brothers Development VCT PLC announces that it has, today, purchased for
cancellation, 24,190 Ordinary shares at 88 pence.



29 September 2005



For further information please contact:

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


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