Issue of Equity

4 May 2010

                           Albion Development VCT PLC

                                Issue of Equity

Albion  Development  VCT  PLC  (the  "Company")  announces  that, further to the
Dividend  Reinvestment Scheme introduced  by the Company  (details of which were
set  out in the Circular issued  to shareholders on 27 August 2008), the Company
today  allotted 101,296 Ordinary shares of  50p each (the "New Ordinary Shares")
in  the  capital  of  the  Company.   In  accordance  with the Circular, the New
Ordinary Shares were issued at a price of 75.3p.

Accordingly,  application  has  been  made  to  the UK Listing Authority for the
admission  of the  New Ordinary  Shares to  the Official  List of the UK Listing
Authority  and to trading on the London  Stock Exchange's main market for listed
securities and it is expected that dealings will commence on 5 May 2010. The New
Ordinary  Shares will rank pari passu in all respects with the existing Ordinary
shares in issue.

Following the issue of the New Ordinary Shares the Company will have 32,814,453
Ordinary shares and 6,283,655 D shares in issue.

In  conformity with  the Transparency  Directive's provisions  we would  like to
notify the market of the following:

Albion  Development VCT PLC's capital as  at 4 May 2010 consisted of 32,814,453
Ordinary  shares  and  6,283,655 D  shares.  Albion  Development  VCT  PLC holds
3,335,076 Ordinary shares in Treasury.

Therefore the total number of voting rights in Albion Development VCT PLC is
35,763,032.

The  figure of 35,763,032 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.


For further information, please contact:

Isabel Dolan
Albion Ventures LLP
Tel:      020 7601 1850





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