Net Asset Value(s)

Close Brothers Dev VCT PLC
11 April 2007

                       CLOSE BROTHERS DEVELOPMENT VCT PLC


Close Brothers Development VCT PLC announces a pro- forma (unaudited) net asset
value as at 28 February 2007 based upon the conversion of the C shares to
Ordinary shares which was completed on 31 March 2007 and on the announcement on
4 April 2007 by Mears Group Plc that the recommended offer for Careforce Group
Plc has now become unconditional. This pro-forma net asset value is before the
dividend payable to shareholders on 9 May 2007 of 1.5p per Ordinary shares
announced on 27 March 2007. On the basis of the above adjustments the pro-forma
net asset value per share as at 28 February 2007 would be 99p.


11 April 2007


For further information:

Patrick Reeve   Close Ventures Limited   Tel: [phone]




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