Transaction in Own Shares

Close Brothers Dev VCT PLC
17 December 2007



                       CLOSE BROTHERS DEVELOPMENT VCT PLC


SHARE PURCHASE , VOTING RIGHTS AND CAPITAL


Close Brothers Development VCT PLC announces that it has purchased 26,719
Ordinary shares at a price of 88 pence per share. This represents 0.09% of the
total number of voting rights in the Company before the transaction. These
shares will be held in Treasury.

Following this transaction, and, in conformity with the Transparency Directive's
transitional provision 6 we would like to notify the market of the following;

Close Brothers Development VCT PLC's capital today consists of 32,438,309
Ordinary shares with a nominal value of 50p each.  Close Brothers Development
VCT PLC holds 1,838,323 shares in Treasury.

Therefore, the total number of voting rights in Close Brothers Development VCT
PLC is 30,599,986.

The figure of 30,599,986 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 change to their interest in Close Brothers Development VCT PLC
under the FSA's Disclosure and Transparency Rules.



17 December 2007


For further information please contact:

Close Ventures Limited - tel: [phone]





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