Transaction in Own Shares

Close Brothers Dev VCT PLC
18 April 2005



                       CLOSE BROTHERS DEVELOPMENT VCT PLC

Close Brothers Development VCT PLC announces that it has, today, purchased for
cancellation, 313,972 Ordinary shares at 90 pence and 117,250 C Shares at 95p.


18 April 2005


For further information please contact:


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


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