Launch of the Albion VCTs Linked Top Up Offer 2...

Albion Development VCT PLC

            Launch of the Albion VCTs Linked Top Up Offer 2011/2012

Further  to the  announcement made  on 6 October  2011, the Board  is pleased to
announce  the launch today of the Albion VCTs Linked Top Up Offer 2011/2012 (the
'Offer').

This  Offer is aiming  to raise up  to £15m across  seven of the VCTs managed by
Albion  Ventures LLP  (the Albion  VCTs'), of  which Albion  Development VCT PLC
Ordinary shares' proportion will be approximately £2.25m.

The maximum amount raised by each of the Albion VCTs will be 10 per cent. of its
issued  share capital  (over any  one 12 month  period, and including any shares
issued  under Dividend  Reinvestment Schemes),  being the  amount that  they may
issue under the Prospectus Rules without the publication of a full prospectus.

The  proceeds of  the Offer  will be  used to  provide further  resources to the
Albion  VCTs at a time when a  number of attractive new investment opportunities
are being seen.

The Offer will close at 12 noon on 5 April 2012 unless fully subscribed or
extended beforehand.

The Promoter for the Offer is RAM Capital Partners LLP
74 Chancery Lane
London
WC2A 1AD
Tel: [phone]
Fax: [phone]
Email: [e-mail]

The Receiving Agent for the Offer is Albion Ventures LLP
1 King's Arms Yard
London
EC2R 7AF
Telephone: [phone]
Fax: [phone]
Email: [e-mail]

The Investor Guide and Offer document, which are attached below, can be found on
the  website www.albion-ventures.co.uk, and  will also be  filed at the National
Storage  mechanism. Both the Investor Guide and Offer Document will also be sent
to all shareholders of VCTs managed by Albion Ventures LLP.

Copies of the Investor Guide and Offer Document can also be obtained free of
charge from
Albion Ventures LLP
1 King's Arms Yard
London
EC2R 7AF
Telephone:
Fax: [phone]
Email:[e-mail]

1 November 2011
Contact
Patrick Reeve, Albion Ventures LLP 0207 601 1850







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

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