ALLOTMENT UPDATE

ALBION DEVELOPMENT VCT PLC

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ALLOTMENT UPDATE UNDER THE ALBION VCTS PROSPECTUS TOP UP OFFERS 2017/18 ("Albion VCT Offers")

The Board of Albion Development VCT PLC (the "Company") would like to announce that the third allotment pursuant to the Prospectus dated 5 September 2017 will take place on 5 April 2018, for valid applications received in respect of the tax year 2017/2018, prior to the Offer closing on 26 February 2018.

27 March 2018

For further information, please contact

Albion Capital Group LLP

Telephone: [phone]

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Source: Albion Development VCT PLC - Ordinary Shares via Globenewswire