Issue of Equity

31 July 2009

                  Albion Venture Capital Trust PLC

                           Issue of Equity

Albion Venture  Capital Trust  PLC  (the "Company")  announces  that,
further to the Dividend Reinvestment Scheme introduced by the Company
(details of which were set out in the Circular issued to shareholders
on 10 July 2008), the  Company today allotted 47,215 Ordinary  shares
of 50p  each  (the "New  Ordinary  Shares")  in the  capital  of  the
Company.  In accordance  with the Circular,  the New Ordinary  Shares
were issued at a price of 82.8p.

Accordingly, application has  been made to  the UK Listing  Authority
for the admission of the New Ordinary Shares to the Official List  of
the  UK  Listing  Authority  and  to  trading  on  the  London  Stock
Exchange's main market for listed securities and it is expected  that
dealings will commence on 3 August 2009. The New Ordinary Shares will
rank pari passu in all respects with the existing Ordinary shares  in
issue.

In conformity with the  Transparency Directive's provisions we  would
like to notify the market of the following

Following the issue of the New Ordinary Shares the Company will  have
36,051,050 Ordinary shares in issue. Albion Venture Capital Trust PLC
holds 1,023,351 Ordinary shares in Treasury.

Therefore the total number of voting rights in Albion Venture Capital
Trust PLC is 35,027,699.

The  figure  of  35,027,699  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  Venture  Capital  Trust  PLC  under  the  FSA's
Disclosure and Transparency rules.


For further information, please contact:

Isabel Dolan
Albion Ventures LLP
Tel:      [phone]

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