Annual Information Update

ALBION DEVELOPMENT VCT PLC

                           ANNUAL INFORMATION UPDATE
                    From 7 May 2009 to 12 May 2010 inclusive

Albion 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 7 May 2009 to 12
May  2010 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                          |
+-------------------+---------------------------------------+
| 5 May 2010        | Director/PDMR Shareholding            |
+-------------------+---------------------------------------+
| 5 May 2010        | Doc re: FSA viewing facility          |
+-------------------+---------------------------------------+
| 4 May 2010        | Issue of Equity                       |
+-------------------+---------------------------------------+
| 30 April 2010     | Correction: total voting rights       |
+-------------------+---------------------------------------+
| 30 April 2010     | Transaction in Own Shares             |
+-------------------+---------------------------------------+
| 30 April 2010     | Issue of Equity                       |
+-------------------+---------------------------------------+
| 23 April 2010     | Transaction in Own Shares             |
+-------------------+---------------------------------------+
| 12 April 2010     | Transaction in Own Shares             |
+-------------------+---------------------------------------+
| 6 April 2010      | Issue of Equity                       |
+-------------------+---------------------------------------+
| 31 March 2010     | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 26 March 2010     | Block Listing Six Monthly Return      |
+-------------------+---------------------------------------+
| 26 March 2010     | Transaction in Own Shares             |
+-------------------+---------------------------------------+
| 25 March 2010     | Annual Financial Report               |
+-------------------+---------------------------------------+
| 23 March 2010     | Issue of Equity                       |
+-------------------+---------------------------------------+
| 15 March 2010     | Issue of Equity                       |
+-------------------+---------------------------------------+
| 26 February 2010  | Correction: total voting rights       |
+-------------------+---------------------------------------+
| 26 February 2010  | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 25 February 2010  | Issue of Equity                       |
+-------------------+---------------------------------------+
| 29 January 2010   | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 28 January 2010   | Issue of Equity                       |
+-------------------+---------------------------------------+
| 31 December 2009  | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 24 December 2009  | Transaction in Own Shares             |
+-------------------+---------------------------------------+
| 23 December 2009  | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 23 December 2009  | Issue of Equity                       |
+-------------------+---------------------------------------+
| 30 November 2009  | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 18 November 2009  | Interim Management Statement          |
+-------------------+---------------------------------------+
| 30 October 2009   | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 09 October 2009   | Transaction in Own Shares             |
+-------------------+---------------------------------------+
| 01 October 2009   | Offer for subscription of D shares    |
+-------------------+---------------------------------------+
| 30 September 2009 | Net asset value(s)                    |
+-------------------+---------------------------------------+
| 30 September 2009 | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 25 September 2009 | Director/PDMR Shareholding            |
+-------------------+---------------------------------------+
| 25 September 2009 | Issue of equity                       |
+-------------------+---------------------------------------+
| 07 September 2009 | Transaction in Own Shares             |
+-------------------+---------------------------------------+
| 02 September 2009 | Transaction in Own Shares             |
+-------------------+---------------------------------------+
| 28 August 2009    | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 27 August 2009    | Doc re: FSA Document viewing facility |
+-------------------+---------------------------------------+
| 20 August 2009    | Half-yearly report                    |
+-------------------+---------------------------------------+
| 31 July 2009      | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 30 June 2009      | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 29 June 2009      | Transaction in Own Shares             |
+-------------------+---------------------------------------+
| 18 June 2009      | Doc re: proposed new share issue      |
+-------------------+---------------------------------------+
| 01 June 2009      | Transaction in own shares             |
+-------------------+---------------------------------------+
| 29 May 2009       | Total Voting Rights                   |
+-------------------+---------------------------------------+
| 18 May 2009       | Interim Management Statement          |
+-------------------+---------------------------------------+

 2. Documents filed at Companies House


+-------------------+-----------------------------------------------------+
| Date              | Announcement                                        |
+-------------------+-----------------------------------------------------+
| 12 May 2010       | SH03 Return of purchase of own shares               |
+-------------------+-----------------------------------------------------+
| 10 May 2010       | SH01 Statement of Capital                           |
+-------------------+-----------------------------------------------------+
| 10 May 2010       | SH01 Statement of Capital                           |
+-------------------+-----------------------------------------------------+
| 10 May 2010       | SH01 Statement of Capital                           |
+-------------------+-----------------------------------------------------+
| 10 May 2010       | SH01 Statement of Capital                           |
+-------------------+-----------------------------------------------------+
| 10 May 2010       | SH01 Statement of Capital                           |
+-------------------+-----------------------------------------------------+
| 10 May 2010       | SH01 Statement of Capital                           |
+-------------------+-----------------------------------------------------+
| 29 April 2010     | SH03 Return of purchase of own shares               |
+-------------------+-----------------------------------------------------+
| 21 April 2010     | SH03 Return of purchase of own shares               |
+-------------------+-----------------------------------------------------+
| 06 April 2010     | Full accounts made up to 31/12/09                   |
+-------------------+-----------------------------------------------------+
| 22 March 2010     | SH03 Return of purchase of own shares               |
+-------------------+-----------------------------------------------------+
| 09 March 2010     | SH01 Statement of Capital                           |
+-------------------+-----------------------------------------------------+
| 14 January 2010   | SH01 Statement of Capital                           |
+-------------------+-----------------------------------------------------+
| 19 December 2009  | SH19 Statement of Capital                           |
+-------------------+-----------------------------------------------------+
| 19 December 2009  | CERT21 Reduction of share premium                   |
+-------------------+-----------------------------------------------------+
| 19 December 2009  | OC138 Reduction of issued capital and minute        |
+-------------------+-----------------------------------------------------+
| 16 December 2009  | AR01 Annual Return made up to 22/10/09              |
+-------------------+-----------------------------------------------------+
| 24 November 2009  | AR01 Full List                                      |
+-------------------+-----------------------------------------------------+
| 05 November 2009  | SH03 Return of purchase of own shares               |
+-------------------+-----------------------------------------------------+
| 04 November 2009  | Memorandum of Association                           |
+-------------------+-----------------------------------------------------+
|                   | The Cancellation of Share Premium Account           |
+-------------------+-----------------------------------------------------+
|                   | Alteration to Memorandum and Articles               |
+-------------------+-----------------------------------------------------+
| 04 November 2009  | RES04 Disapplication of pre-emption rights          |
+-------------------+-----------------------------------------------------+
|                   | Authorised allotment of shares and debentures       |
+-------------------+-----------------------------------------------------+
| 15 October 2009   | AD03 Register moved to sail address                 |
+-------------------+-----------------------------------------------------+
| 15 October 2009   | AD02 Sail address created                           |
+-------------------+-----------------------------------------------------+
| 12 October 2009   | Articles of Association                             |
+-------------------+-----------------------------------------------------+
| 30 September 2009 | 88(2) Return of allotment of shares                 |
+-------------------+-----------------------------------------------------+
| 28 September 2009 | 169 (1B) Purchase of Own Shares for Treasury        |
+-------------------+-----------------------------------------------------+
| 28 September 2009 | 169 (1B) Purchase of Own Shares for Treasury        |
+-------------------+-----------------------------------------------------+
| 17 September 2009 | 169 (1B) Purchase of Own Shares for Treasury        |
+-------------------+-----------------------------------------------------+
| 04 September 2009 | Interim accounts made up to 30/06/09                |
+-------------------+-----------------------------------------------------+
| 26 August 2009    | Authorised allotment of shares and debentures       |
+-------------------+-----------------------------------------------------+
|                   | Alteration to Memorandum and Articles               |
+-------------------+-----------------------------------------------------+
|                   | Authority - purchase shares other than from capital |
+-------------------+-----------------------------------------------------+
|                   | Disapplication of pre-emption rights                |
+-------------------+-----------------------------------------------------+
| 23 July 2009      | 169 (1B) Purchase of Own Shares for Treasury        |
+-------------------+-----------------------------------------------------+
| 09 June 2009      | Articles of Association                             |
+-------------------+-----------------------------------------------------+
| 18 May 2009       | 169 (1B) Purchase of Own Shares for Treasury        |
+-------------------+-----------------------------------------------------+

3.By post to shareholders

+------------+-----------------------------------------------------------------+
|Date        |Document                                                         |
+------------+-----------------------------------------------------------------+
|April 2010  |Annual report and accounts for the period from 1 January 2009 to |
|            |31 December 2009, Form of Proxy, Notice of Annual General        |
|            |Meeting, Invitation to Annual General Meeting and Warning re:    |
|            |Boiler Room Scams                                                |
+------------+-----------------------------------------------------------------+
|October 2009|Proposals for an Offer for Subscription of D Shares              |
+------------+-----------------------------------------------------------------+
|August 2009 |Half-yearly report and accounts for the period from 1 January    |
|            |2009 to 30 June 2009                                             |
+------------+-----------------------------------------------------------------+


 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
<

http://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 <

http://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.albion-ventures.co.uk <

http://www.albion-ventures.co.uk/>


Albion Ventures LLP
Company Secretary
ALBION DEVELOPMENT VCT PLC
12 May 2010




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