Result of AGM

ALBION DEVELOPMENT VCT PLC

                                 Result of AGM

Albion   Development  VCT  PLC  (the  "Company")  announces   that  all  of  the
resolutions put to the shareholders at the Company's Annual General Meeting held
at  The City of  London Club, 19 Old  Broad Street, London,  EC2N 1DS on 25 June
2010 were duly passed.

Resolutions  1 to 7 related to Ordinary Business. Resolutions 8 to 10 related to
Special Business, as set out below:

Resolution  8: To extend  the Directors'  authority to  allot shares pursuant to
section 551 of the Companies Act 2006.

Resolution  9: To empower Directors  to allot shares  with statutory pre-emption
rights pursuant to section 570 of the Companies Act 2006.

Resolution  10: To extend  the authority  for the  Company to  make one  or more
market  purchases of Ordinary Shares  in the capital of  the Company pursuant to
section 693(4) and 727 of the Companies Act 2006.
Under  Listing Rule 9.6.2 a copy of the  resolutions will be submitted to the UK
Listing  Authority, and will shortly be available via the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Further  information regarding  the Company  and its  activities is available at
www.albion-ventures.co.uk.

Albion Ventures LLP - tel: [phone]
Company Secretary
Albion Development VCT PLC


[HUG#1428652]








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