Issue of Equity

21 May 2010

                      Albion Technology & General VCT plc

                                Issue of Equity

Albion  Technology & General VCT plc  (the "Company") announces that, further to
the  Dividend Reinvestment  Scheme introduced  by the  Company (details of which
were  set  out  in  the  Circular  issued to shareholders on 18 April 2008), the
Company  today allotted  33,738 Ordinary shares  of 50p each  (the "New Ordinary
shares")  and 57,168 C ordinary shares of 50p each (the "New C ordinary shares")
in  the capital of the Company.  The New  Ordinary shares were issued at a price
of  88.7p, comprising the net asset value  at 31 December 2009 less the dividend
of 4 pence per Ordinary share.  The New C ordinary shares were issued at a price
of  71.2p, comprising the net asset value  at 31 December 2009 less the dividend
of 1.5 pence per C ordinary share.

Accordingly,  application  has  been  made  to  the UK Listing Authority for the
admission  of  the  New  Ordinary  shares  and  the New C ordinary shares to the
Official  List of the  UK Listing Authority  and to trading  on the London Stock
Exchange's  main market for  listed securities and  it is expected that dealings
will  commence on 24 May 2010. The New Ordinary shares and New C ordinary shares
will  rank pari passu in all respects  with the existing Ordinary and C ordinary
shares in issue.

Following  the  issue  of  the  New  Ordinary  and New C ordinary shares, Albion
Technology & General VCT PLC's capital as at 21 May 2010 consists of 13,735,783
ordinary  shares and 35,714,640 C  ordinary shares. Albion  Technology & General
VCT PLC holds 868,094 Ordinary shares and 1,417,032 C shares in Treasury.

Therefore  the total number of voting rights  in Albion Technology & General VCT
PLC  is 47,165,297 which 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 a change to their  interest in, Albion Technology & General VCT
PLC under the FSA's Disclosure and Transparency rules.


For further information, please contact:

Isabel Dolan
Albion Ventures LLP
Tel:      020 7601 1850



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