Total voting rights and Issue of Equity

Albion Development VCT PLC

                    Total Voting Rights and Issue of Equity

Albion  Development  VCT  PLC  (the  "Company")  announces  that, further to the
Dividend  Reinvestment Scheme introduced  by the Company  (details of which were
set  out in the Circular issued  to shareholders on 27 August 2008), the Company
today  allotted 109,161 Ordinary shares of  50p each (the "New Ordinary Shares")
in  the  capital  of  the  Company.   In  accordance  with the Circular, the New
Ordinary  Shares were issued at a price of 73.0p, comprising the net asset value
at  30 June 2010 of 77.0 pence per Ordinary share less the dividend of 4.0 pence
per Ordinary share.

Accordingly,  application  has  been  made  to  the UK Listing Authority for the
admission  of the  New Ordinary  Shares to  the Official  List of the UK Listing
Authority  and to trading on the London  Stock Exchange's main market for listed
securities and it is expected that dealings will commence on 1 October 2010. The
New  Ordinary Shares  will rank  pari passu  in all  respects with  the existing
Ordinary shares in issue.

Following the issue of the New Ordinary Shares the Company will have 32,731,614
Ordinary  shares and  6,335,155 D shares  in issue.  Albion Development  VCT PLC
holds 3,249,102 Ordinary shares in Treasury.

Therefore  the total number  of voting rights  in Albion Development  VCT PLC is
35,817,667 which  may  be  used  by  shareholders  as  the  denominator  for the
calculations  by which they will determine if  they are required to notify their
interest  in, or a change to their interest in, Albion Development VCT PLC under
the FSA's Disclosure and Transparency rules.

For further information, please contact:

Isabel Dolan
Albion Ventures LLP
Tel:    020 7601 1850


[HUG#1448033]








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