Annual Information Update

Close Brothers Dev VCT PLC
27 April 2006

                       CLOSE BROTHERS DEVELOPMENT VCT PLC



                           ANNUAL INFORMATION UPDATE

                 From 1 January 2005 to 26 April 2006 inclusive



Close Brothers Development VCT PLC ('the Company') announces that in accordance
with the requirements of the Prospectus Rule 5.2, the following information has
been published or made available to the public for the period from 1 January
2005 to 26 April 2006 in compliance with laws and rules dealing with the
regulation of securities, issuers of securities and securities markets.



For the purpose of this update, the information is only referred to and full
copies of each item can be found at the locations specified below.



1.        Announcements made via a Regulatory Information Service



Date                            Announcement



7 April 2006          Transaction in Own Shares

3 April 2006          Transaction in Own Shares

30 March 2006         Transaction in Own Shares

30 March 2006         Final Results

23 November 2005      Transaction in Own Shares

17 November 2005      Dividend Declaration

25 October 2005       Doc re Interim Accounts

13 October 2005       Transaction in Own Shares

3 October 2005        Transaction in Own Shares

29 September 2005     Transaction in Own Shares

27 September 2005     Transaction in Own Shares

23 September 2005     Interim Results

3 June 2005           Transaction in Own Shares

17 May 2005           Dividend Declaration

16 May 2005           Transaction in Own Shares

18 April 2005         Transaction in Own Shares

8 April 2005          Realisation

8 April 2005          Net Asset Value

24 February 2005      Final Results



2.        Documents filed at Companies House



Date                  Filing



25 April 2006         AA Full Accounts to 31 December 2005

14 December 2005      169 Share Redemption

14 December 2005      169 Share Redemption

14 December 2005      169 Share Redemption

7 December 2005       AA Interim Accounts to 31 October 2005

18 November 2005      363s Annual Return to 21 October 2005

2 November 2005       AA Interim Accounts to 30 June 2005

30 August 2005        288a Appointment of Secretary

30 August 2005        288b Resignation of Secretary

22 August 2005        169 Share Redemption

15 June 2005          169 Share Redemption

24 May 2005           AA Interim Accounts to 30 April 2005

24 May 2005           266(3) Notice To Cease To Trade As An Investment Company

6 April 2005          RES09

2 March 2005          AA Final Accounts to 31 December 2004

1 March 2005          169 Share Redemption

1 March 2005          169 Share Redemption

1 March 2005          169 Share Redemption

1 March 2005          169 Share Redemption

9 February 2005       169 Share Redemption

9 February 2005       169 Share Redemption

3 February 2005       395 Particulars of mortgage/charge



3.        By post to shareholders



Date                  Document



April 2006            Final report and accounts for the year ended 31 December 
                      2005 and Notice of Annual General Meeting

April 2006            Circular to shareholders re change in Investment Policy

April 2006            Letter of invitation to the AGM on 3 May 2006

March 2006            Letter warning of fraudulent activity in association
                      with the fund

September 2005        Interim report and accounts for the six months to 30
                      June 2005

March 2005            Final report and accounts for the year ended 31 December 
                      2004 and Notice of Annual General Meeting



4.        Location of Full text of all Announcements and Filings



Copies of announcements made via a Regulatory Information Service may be
obtained from the website of Regulatory News Service provided by the London
Stock Exchange at www.londonstockexchange.com and any related documents are
available at the UKLA's Document Viewing Facility, Financial Services Authority,
25 The North Colonnade, Canary Wharf, London E14 5HS



Copies of the documents filed at Companies House can be found on the Companies
House website at www.companieshouse.gov.uk or can be obtained from Companies
House, Crown Place, Cardiff CF14 3UZ



5.        Accuracy of Information



In accordance with Article 27(3) of the Prospectus Directive Regulation, it is
acknowledged that whilst the information referred to above was up to date at the
time of publication, such disclosure may, at any time, become out of date due to
changing circumstances.



Further information regarding the Company and its activities is available at
www.closeventures.co.uk





Close Venture Management Limited

Company Secretary

CLOSE BROTHERS DEVELOPMENT VCT PLC

27 April 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange