Interim Management Statement

Albion Technology & General VCT PLC Interim Management Statement

Introduction
I am pleased  to present the  Company's interim management  statement
for the period from 1 July 2009 to 21 October 2009 as required by the
UK Listing Authority's Disclosure and Transparency Rule 4.3.

Financial Position and Performance
The approximate unaudited net  asset value (NAV)  as at 30  September
2009 of the  Ordinary shares  and C shares  was 87.8  pence and  72.3
pence per share respectively. This is after accounting for a dividend
of 1 penny  per share for  C shares  which was paid  on 18  September
2009.

Shareholders are reminded that the Ordinary shares paid an 8.0  pence
dividend in advance for the year to 31 December 2009, on 30  December
2008.  As a  result there will  be no further  dividends paid on  the
Ordinary shares for the year to  31 December 2009. It is  anticipated
that the normal pattern of dividend payments will resume in May 2010.

Portfolio
In the period from 1 July 2009 to 21 October 2009 Albion Technology &
General VCT PLC has made material new investments as follows:

Ordinary share portfolio


+-------------------------------------------------------------------+
|            Investment            | Existing/New investee | £'000s |
|                                  |        company        |        |
|----------------------------------+-----------------------+--------|
| Geronimo Inns I Limited          |          New          |  370   |
|----------------------------------+-----------------------+--------|
| Geronimo Inns II Limited         |          New          |  370   |
|----------------------------------+-----------------------+--------|
| Bravo Inns II Limited            |       Existing        |  309   |
|----------------------------------+-----------------------+--------|
| Red-M Wireless Limited           |          New          |   13   |
|----------------------------------+-----------------------+--------|
| Rostima Limited                  |       Existing        |   9    |
|----------------------------------+-----------------------+--------|
| Vibrant Energy Assessors Limited |          New          |   4    |
+-------------------------------------------------------------------+


Loan stock totalling  £52,000 was  paid back  by GB  Pub Company  VCT
Limited and sparesFinder Limited during the period.

C share portfolio


+-------------------------------------------------------------------+
|            Investment            | Existing/New investee | £'000s |
|                                  |        company        |        |
|----------------------------------+-----------------------+--------|
| Geronimo Inns I Limited          |          New          |  390   |
|----------------------------------+-----------------------+--------|
| Geronimo Inns II Limited         |          New          |  390   |
|----------------------------------+-----------------------+--------|
| Rostima Limited                  |       Existing        |  106   |
|----------------------------------+-----------------------+--------|
| Vibrant Energy Assessors Limited |          New          |   19   |
+-------------------------------------------------------------------+



Top Ten Qualifying Holdings (merged portfolios) as at 30 September
2009

+-----------------------------------------------------------+
|              Holding              | Carrying Value £'000s |
|-----------------------------------+-----------------------|
| Kensington Health Clubs Limited   |         2,149         |
|-----------------------------------+-----------------------|
| The Charnwood Pub Company Limited |         2,013         |
|-----------------------------------+-----------------------|
| Chichester Holdings Limited       |         1,767         |
|-----------------------------------+-----------------------|
| Xceleron Limited                  |         1,305         |
|-----------------------------------+-----------------------|
| The Weybridge Club Limited        |         1,204         |
|-----------------------------------+-----------------------|
| Bravo Inns II Limited             |         1,202         |
|-----------------------------------+-----------------------|
| Blackbay Limited                  |         1,196         |
|-----------------------------------+-----------------------|
| Evolutions Television Limited     |         1,123         |
|-----------------------------------+-----------------------|
| Helveta Limited                   |         1,037         |
|-----------------------------------+-----------------------|
| The Q Garden Company Linmited     |         1,000         |
+-----------------------------------------------------------+


Material Events and Transactions

As mentioned above, a dividend of 1 penny per C share was paid on  18
September 2009 to shareholders on the record as at 21 August 2009.

In the  period from  1 July  2009 to  21 October  2009, your  Company
re-purchased 9,842 Ordinary shares at an average price of 67.0  pence
per share and 108,072 C  shares at an average  price of 52 pence  per
share.  These shares will be held in treasury.

The Company  continues to  offer a  Dividend Reinvestment  Scheme  to
existing shareholders. On 18th  September 2009 the Company  allotted
38,631 C ordinary shares of 50p each  in the capital of the  Company.
The C shares were issued at a price of 72.3p. Details of this  Scheme
can be found at www.albion-ventures.co.uk/Our Funds/Albion Technology
& General VCT PLC.

As part of a consolidation of the majority of the pub portfolio under
the management  of  a single  management  team, Albion  Technology  &
General VCT PLC exchanged its  shareholdings in the Welland Inns  VCT
Limited Pelican Limited and Novello Limited for a shareholding in the
Charnwood Pub Company Limited on 21 September 2009.

There have been  no further significant  events or transactions  that
the Board  is aware  of which  would have  a material  impact on  the
financial position of the Company between 1 July 2009 and 21  October
2009.

Information regarding historic and current financial performance  and
other useful shareholder information can be found on the VCTs website
under www.albion-ventures.co.uk/Our Funds/Albion Technology & General
VCT PLC.

21 October 2009
For further information, please contact:
Patrick Reeve
Albion Ventures LLP
Tel: [phone]

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