Transaction in Own Shares

Close Brothers Dev VCT PLC
21 November 2007

                       CLOSE BROTHERS DEVELOPMENT VCT PLC


SHARE PURCHASE , VOTING RIGHTS AND CAPITAL

Close Brothers Development VCT PLC announces that it has purchased 42,502
Ordinary shares at a price of 90 pence per share.  This represents 0.14% 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 1,811,604 shares in Treasury.

Therefore, the total number of voting rights in Close Brothers Development VCT
PLC is 30,626,705.

The figure of 30,626,705 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.


21 November 2007


For further information please contact:

Close Ventures Limited - tel: [phone]




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