Transaction in Own Shares

Close Brothers Dev VCT PLC
30 March 2006

                       CLOSE BROTHERS DEVELOPMENT VCT PLC



Close Brothers Development VCT PLC announces that it has, today, purchased for
cancellation, 175,618 Ordinary shares at 86 pence and 88,381 C Shares at 90
pence.



30 March 2006


For further information please contact:

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


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