Transaction in Own Shares

Close Brothers Dev VCT PLC
16 May 2007



                       CLOSE BROTHERS DEVELOPMENT VCT PLC





SHARE PURCHASE , VOTING RIGHTS AND CAPITAL



Close Brothers Development VCT PLC announces that it has, today, purchased
73,575 Ordinary shares at a price of 88 pence per share. This represents 0.23 %
of the total number of voting rights in the Company before the transaction.
20,000 shares will be cancelled and 53,575 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 1,203,939 shares in Treasury.



Therefore, the total number of voting rights in Close Brothers Development VCT
PLC is 31,234,370.



The figure of 31,234,370 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.





16 May 2007







For further information please contact:



Close Ventures Limited - tel: [phone]




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