Net Asset Value(s)

Close Brothers Dev VCT PLC
13 July 2007



                       CLOSE BROTHERS DEVELOPMENT VCT PLC





Close Brothers Development VCT PLC announces a pro- forma (unaudited) net asset
value as at 31 March 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 accounting
for the dividend of 1.5p per Ordinary share payable to shareholders on 9 May
2007 announced on 27 March 2007.

On the basis of the above adjustments the pro-forma net asset value per share as
at 31 March 2007 would be 99.7p.



13 July 2007



For further information, please contact:



Patrick Reeve   Close Ventures Limited   Tel: [phone]






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