CORRECTION: Issue of Equity and Total Voting Ri...

This is a correction of the announcement from 11:23 23.03.2011 GMT.

                        Albion Venture Capital Trust PLC

The  second allotment of New Ordinary Shares of nominal value 50 pence per share
in  Albion Venture Capital Trust  PLC under the Albion  VCTs Linked Top Up Offer
(which  was launched  on 1 November  2010) (the "Offer")  took place on 22 March
2011 at an issue price of 83.1 pence per New Ordinary Share.

Applications for 782,223 New Ordinary Shares in Albion Venture Capital Trust VCT
PLC were received.

The  net proceeds of the  Offer to date to  Albion Venture Capital Trust PLC are
approximately  £1,253,000. The Offer  will remain open  until 12 noon on 5 April
2011 unless fully subscribed and closed earlier.

Application  has been made  to the Financial  Services Authority for 782,223 New
Ordinary  Shares to  be admitted  to the  Official List  and to the London Stock
Exchange  for the New  Ordinary Shares to  be admitted to  trading on the London
Stock Exchange's market for listed securities.

It  is expected that Admission  will become effective, and  that dealings in the
shares will commence on or before, 8.00 a.m. on 29 March 2011.

As  at this second  closing of the  Albion VCTs Linked  Top Up Offer on 22 March
2011, applications  (across all seven  of the Albion  VCTs) totalling £8,559,000
were received, and have been met in full.

Due  to recent fluctuations in  the pound: Euro exchange  rate and the amount of
investors  who  have  elected  to  have  their tax-free dividends reinvested, in
accordance  with  the  "Offer  Document"  Albion anticipate that the fundraising
limit under the offer will be capped at approximately £13.3m.

Further  details of the Albion VCTs Linked  Top Up Offer (including the Investor
Guide  and Offer Document issued on 1 November 2010) can be found at www.albion-
ventures.co.uk.

Following  this allotment  and in  conformity with  the Transparency Directive's
transitional provision 6, we would like to notify the market of the following:

Albion Venture Capital Trust PLC's capital as at today consists of 37,772,181
Ordinary shares with a nominal value of 50p each.  Albion Venture Capital Trust
PLC holds 2,043,273 shares in Treasury.

Therefore, the total number of voting rights in Albion Venture Capital Trust PLC
is 35,728,908 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 change to their interest in, Albion Venture Capital Trust PLC
under the FSA's Disclosure and Transparency Rules.

For further information, please contact:


 Patrick Reeve         020 7601 1850
 Albion Ventures LLP


23 March 2011






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Source: Albion Venture Capital Trust PLC via Thomson Reuters ONE

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