Conversion of Shares

Albion Technology & General VCT PLC
             Conversion of 'C' Ordinary Shares into Ordinary Shares

Albion Technology & General VCT PLC announces the conversion of its 'C' ordinary
shares into Ordinary shares as follows:

In  accordance with the Articles of Association, on 31 March 2011, the Company's
'C'  ordinary shares converted to Ordinary shares on the basis of the net assets
attributable  to the Ordinary shares and the 'C' ordinary shares as disclosed in
the audited accounts for the year to 31 December 2010 and in accordance with the
calculation  as described and  approved by shareholders'  resolution number 4 at
the Extraordinary General Meeting on 8 December 2005.  'C' ordinary shareholders
will  therefore receive 0.7779 Ordinary shares for  each 'C' ordinary share they
currently own.

At close of business 31 March 2011, Albion Technology & General VCT PLC's issued
share   capital  consisted  of  14,475,832 Ordinary  shares  and  36,678,643 'C'
ordinary  shares, both with a nominal value of 50p.  Albion Technology & General
VCT  PLC  held  1,358,870 Ordinary  shares  and 2,323,567 'C' ordinary shares in
Treasury.

Following   the   conversion  of  'C'  ordinary  shares  into  Ordinary  shares,
28,532,316 new  Ordinary  Shares  have  been  issued.   Therefore, as at 1 April
2011, Albion  Technology  &  General  VCT  PLC's capital consists of 43,008,148
Ordinary  shares with a nominal value  of 50p each.  Albion Technology & General
VCT PLC holds 3,166,372 Ordinary shares in Treasury.

Therefore  the total number of voting rights  in Albion Technology & General VCT
PLC  is 39,841,776 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 Technology & General VCT
PLC under the FSA's Disclosure and Transparency rules.

The newly issued Ordinary shares will rank pari passu with the existing Ordinary
Shares  in issue.  The Ordinary shares representing fractional entitlements will
not  be issued to 'C' shareholders but will be aggregated and sold in the market
for  the benefit of the Company.  Application has been made for the new Ordinary
shares  to be admitted to  the Official List and  to trading on the London Stock
Exchange's  Main Market for  listed securities and  it is expected that dealings
will commence on 4 April 2011.

Following  the  issue  of  the  new  Ordinary  shares arising on conversion, the
listing  of the 'C' ordinary  shares will be cancelled.   The new Ordinary share
certificates will be despatched to shareholders by 30 April 2011.


Albion Ventures LLP
Company Secretary
Albion Technology & General VCT PLC
1 April 2011







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Source: Albion Technology & General VCT PLC - Ordinary Shares via Thomson Reuters ONE

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