Issue of Equity

Albion Development VCT PLC

The first closing for the offer for subscription (the "Offer") for D shares (“D
Shares”) in Albion Development VCT PLC (the “Company”) at an issue price of
100p per D Share took place on 23 December 2009.

Applications were received under the Offer for 1,419,500 D Shares and will
therefore be met in full.

In addition, subscribers for the D Shares whose applications were received on or
before 23 December 2009 were entitled to receive 1 additional D Share for every
100 Shares subscribed for. An additional 14,100 D Shares were allotted under
these arrangements. A total of 1,433,600 D Shares have been issued.

The net proceeds of the Offer to date are £1.36 million. The Offer will remain
open until 5 April 2010 in respect of the 2009/2010 tax year and 30 April 2010
in respect of the 2010/2011 tax year unless closed earlier.

Application has been made to the Financial Services Authority for 1,433,600 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 5 January 2010.

For further information, please contact:






  Patrick Reeve         020 7601 1850

  Albion Ventures LLP




23 December 2009




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