Transaction in Own Shares

Close Brothers Dev VCT PLC
07 April 2006

                       CLOSE BROTHERS DEVELOPMENT VCT PLC


The board of Close Brothers Development VCT PLC announces that it has, today,
purchased for cancellation, 60,250 Ordinary Shares at 92 pence and 17,300 C
shares at 95.5 pence.




7 April 2006




For further information please contact:



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


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