Closure of the Company's Offer under the Albion...

Closure of the Company's Offer under the Albion VCTs Prospectus Top Up Offers 2018/19

Albion Development VCT PLC

LEI Code 213800FDDMBD9QLHLB38

CLOSURE OF THE COMPANY'S OFFER UNDER THE ALBION VCTS PROSPECTUS TOP UP OFFERS 2018/19 ("Albion VCT Offers")

The Board of Albion Development VCT PLC (the "Company") is pleased to announce that it has reached its £8 million limit under its offer for subscription pursuant to the prospectus dated 7 January 2019 ("Offer"), which as of today is fully subscribed and has now closed to further applications for subscription.

Allotments in respect of valid applications received prior to the Offer closing to further applications are expected to take place on 5 April 2019, for applications in respect of the current tax year 2018/2019, and on 12 April 2019 for applications in respect of the 2019/2020 tax year. Dealing in such shares will commence within 3 business days following allotment.

The offers in respect of the remaining two companies participating in the Albion VCT Offers remain open and valid applications for shares in the Company received subsequent to the Offer closing will be dealt with in accordance with prospective investors' instructions on their application forms.

3 April 2019

Enquiries:

Will Fraser-Allen
Managing Partner, Albion Capital Group LLP
Tel: [phone]