Director/PDMR Shareholding

ALBION VENTURE CAPITAL TRUST PLC
   NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
                      RESPONSIBILITY OR CONNECTED PERSONS

 This form is intended for use by an issuer to make a RIS notification required
                               by DTR 3.1.4R(1).

(1)  An issuer making a notification in respect of a transaction relating to the
shares  or debentures of  the issuer should  complete boxes 1 to 16, 23 and 24 -
see below.
(2)   An issuer making a notification in respect of a derivative relating to the
shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24 -
N/A.
(3)   An  issuer  making  a  notification  in  respect  of  options granted to a
director/person discharging managerial responsibilities should complete boxes 1
to 3 and 17 to 24 - N/A.
(4)   An  issuer  making  a  notification  in  respect of a financial instrument
relating  to the shares of  the issuer (other than  a debenture) should complete
boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24 - N/A.

1. Name of the issuer

Albion Venture Capital Trust PLC

2. State  whether  the  notification  relates  to  (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii)  DR 3.1.4(R)(1)(c) a disclosure made in  accordance with section 793 of the
Companies Act 2006; or

(iii) both (i) and (ii)

Notification in accordance with (iii)

3. Names of persons discharging managerial responsibilities/director

P. H. Reeve (Managing Partner - Albion Ventures LLP, the Investment Manager)
H. J. A. Stanford (Partner - Albion Ventures LLP)
A. Elder (Partner - Albion Ventures LLP)

4. State  whether  notification  relates  to  a  person  connected with a person
discharging  managerial  responsibilities/director  named  in 3 and identify the
connected person

The  individuals referred to  in 3 above are  staff of Albion  Ventures LLP, the
Investment Manager.

5. Indicate  whether the notification is  in respect of a  holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

The notification is in respect of direct holdings of the individuals referred to
in 3 above.

6. Description  of  shares  (including  class),  debentures  or  derivatives  or
financial instruments relating to shares

New Ordinary shares of 50p each

7. Name  of  registered  shareholders(s)  and,  if  more than one, the number of
shares held by each of them

P. H. Reeve                           21,068 Ordinary shares
H. J. A. Stanford                  4,518 Ordinary shares
A. Elder                                  1,943 Ordinary shares

8. State the nature of the transaction

Issue of New Ordinary shares

9. Number  of  shares,  debentures  or  financial instruments relating to shares
acquired

P. H. Reeve                           684 Ordinary shares
H. J. A. Stanford                  147 Ordinary shares
A. Elder                                  63 Ordinary shares

10. Percentage  of issued class  acquired (treasury shares  of that class should
not be taken into account when calculating percentage)

0.0025% (Ordinary shares)

11. Number  of shares,  debentures or  financial instruments  relating to shares
disposed

Nil

12. Percentage  of issued class  disposed (treasury shares  of that class should
not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

£0.77 per New Ordinary share

14. Date and place of transaction

30 December 2011

15. Total  holding following notification and total percentage holding following
notification  (any  treasury  shares  should  not  be  taken  into  account when
calculating percentage)

P. H. Reeve                           21,752 Ordinary shares (0.061%)
H. J. A. Stanford                  4,665 Ordinary shares (0.013%)
A. Elder                                  2,006 Ordinary shares (0.006%)

16. Date issuer informed of transaction

30 December 2011

Name of contact and telephone number for queries

Isabel Dolan - Tel: [phone]
Partner  of Albion Ventures  LLP as Company  Secretary to Albion Venture Capital
Trust PLC

30 December 2011







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Source: Albion Venture Capital Trust PLC via Thomson Reuters ONE

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