Purchase of own securities

Close Brothers Dev VCT PLC
20 October 2004


                       CLOSE BROTHERS DEVELOPMENT VCT PLC


The board of Close Brothers Development VCT PLC announces that it has, today,
purchased for cancellation, 62,000 Ordinary shares at 70 pence.


20 October 2004


For further information please contact:

Patrick Reeve - Close Venture Management Limited - tel: [phone]



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