Director/PDMR Shareholding

ALBION DEVELOPMENT VCT PLC
   NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
                      RESPONSIBILITY OR CONNECTED PERSONS


This form is intended for use by an issuer to make a RIS notification required
by DTR 3.1.4R(1).

(1)  An issuer making a notification in respect of a transaction relating to the
shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24 -
see below.
(2)  An issuer making a notification in respect of a derivative relating to the
shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24 -
N/A.
(3)  An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete boxes 1
to 3 and 17 to 24 - N/A.
(4)  An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should complete
boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24 - N/A.


1. Name of the issuer

Albion Development VCT PLC

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(c) a disclosure made in accordance with section 793 of the
Companies Act 2006; or

(iii) both (i) and (ii)

Notification in accordance with (iii)

3. Name of person discharging managerial responsibilities/director

J. G. T. Thornton (Director)
P.H. Reeve (Managing Partner - Albion Ventures LLP, the Investment Manager)
A. Elder (Partner - Albion Ventures LLP)

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

Direct for all

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

The information is in respect of direct holdings of the individuals referred to
in 3 above.

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

New Ordinary shares of 50p each
New D Shares of 50p each

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

J. G. T. Thornton: 38,444 Ordinary shares and 10,400 D shares
Shares held by nominee: 20,000 Ordinary shares
Shares held by family members: 26,787 Ordinary shares

P. H. Reeve: 10,070 Ordinary shares and 36,895 D shares (Direct)
Shares held by nominee: 47,002 Ordinary shares (Nominee)

A. Elder: 2,013 Ordinary shares and 10,537 D shares

8 State the nature of the transaction

Allotment under the Albion Development VCT PLC dividend reinvestment scheme

9. Number of shares, debentures or financial instruments relating to shares
acquired

J. G. T.Thornton           926 Ordinary shares
P. H. Reeve                    349 Ordinary shares and 510 D Shares
A. Elder                          70 Ordinary shares 146 D Shares

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

0.0044% Ordinary shares
0.0103% D Shares

11. Number of shares, debentures or financial instruments relating to shares
disposed

Nil

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

£0.7230 per New Ordinary share
£0.9045 per New D Shares

14. Date and place of transaction

Dividend reinvestment scheme - allotment date 30 September 2011. Share
certificates sent to shareholders within 7 business days.

15. Total holding following notification and total percentage of share class
holding following notification (any treasury shares should not be taken into
account when calculating percentage)

J. G. T. Thornton: 39,370 Ordinary shares (0.128%) and 10,400 D shares (0.164%)
Shares held by nominee: 20,000 Ordinary shares (0.065%)
Shares held by family members: 26,787 Ordinary shares (0.087%)

P. H. Reeve: 10,419 Ordinary shares (0.034%) and 37,405 D shares (0.589%)
(Direct)
Shares held by nominee: 47,002 Ordinary shares (0.153%) (Nominee)

A. Elder: 2,083 Ordinary shares (0.007%) and 10,683 D shares (0.168%)

16. Date issuer informed of transaction

3 October 2011

Name of contact and telephone number for queries

Isabel Dolan - Tel: [phone]
Partner of Albion Ventures LLP as Company Secretary to Albion Development VCT
PLC

3 October 2011






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

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