Issue of Equity

Albion Development VCT PLC

Allotment of D shares on 30 April 2010
The  seventh  allotment  under  the  terms  of  the  Offer for Subscription (the
"Offer") for D shares ("D Shares") in Albion Development VCT PLC (the "Company")
took place on 30 April 2010, at an issue price of 100p per D Share.

Applications  were received under the Offer for 323,525 D Shares and will be met
in  full. This brings  the total number  of D Shares  allotted to date under the
Offer to 6,283,655.

The  net proceeds of the  allotment today are £0.3  million. The net proceeds of
all allotments to date under the terms of the Offer are now £5.94 million.

Application  has been  made to  the Financial  Services Authority  for 323,525 D
Shares  to be admitted to the Official List and to the London Stock Exchange for
the D Shares to be admitted to trading on the London Stock Exchange's market for
listed securities.

It  is expected that Admission  will become effective, and  that dealings in the
Shares will commence, at 8.00 a.m. on 4 May 2010. CREST accounts are expected to
be  credited within five business days  of allotment and definitive documents of
title  and income tax  relief certificates are  expected to be dispatched within
ten business days of allotment.



For further information, please contact:

 Patrick Reeve
 Albion Ventures LLP

020 7601 1850
30 April 2010




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