Cancellation of Shares

ALBION DEVELOPMENT VCT PLC

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CANCELLATION OF SHARES

Albion Development VCT PLC announces that it has today cancelled 50,000 Ordinary
shares,  which were previously  held in treasury.  The Ordinary shares cancelled
represent  0.14% of the total number of voting  rights in the Company before the
transaction.
Following  this transaction, and, in accordance with the provisions of DTR 5.6,
we would like to notify the market of the following;

Albion  Development  VCT  PLC's  capital  as  at  07 September  2010 consists of
32,622,453 Ordinary  shares and 6,335,155 D shares, both with a nominal value of
50p each,  with  voting  rights.   Albion  Development  VCT PLC holds 3,249,102
Ordinary shares in Treasury.

Therefore,  the total number of  voting rights in Albion  Development VCT PLC is
35,708,506, 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 Development VCT PLC under
the FSA's Disclosure and Transparency Rules.


07 September 2010

For further information please contact:

Company Secretary
Albion Ventures LLP
Tel: [phone]



[HUG#1443059]








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Source: Albion Development VCT PLC - Ordinary Shares via Thomson Reuters ONE