Director/PDMR Shareholding

ALBION DEVELOPMENT VCT 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 Development VCT 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. Name of person discharging managerial responsibilities/director

A. Phillipps (Director)
J. G. T. Thornton (Director)
G. O. Vero (Chairman and Director)
P.H. Reeve (Director and Managing Partner - Albion Ventures LLP, the Investment
Manager)
E. Gigov (Partner - Albion Ventures LLP)
H. J. A Stanford (Partner - Albion Ventures LLP)
R. Whitby-Smith (Partner - Albion Ventures LLP)
M. Kaplan (Partner - Albion Ventures LLP)
W. A. Jenkins (Compliance Officer - Albion Ventures LLP)
W. T. Fraser-Allen (Partner - Albion Ventures LLP)
A. Elder (Partner - Albion Ventures LLP)
I. A. Anstis (Opertions Partner - Albion Ventures LLP)
E. Lascelles (Partner - Albion Ventures LLP)
D. Gudgin (Partner - Albion Ventures LLP)
R.M. Aston (Financial Controller - Albion Ventures LLP)
K. W. Yu (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

Mr. Patrick Phillipps is a connected person to A. Phillips


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 information 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

A. Phillipps: 25,625 D shares
Shares held by nominee: 123,000 Ordinary shares

J. G. T. Thornton: 25,872 Ordinary shares and 10,400 D shares
Shares held by nominee: 20,000 Ordinary shares
Shares held by family members: 26,787 Ordinary shares

G. O. Vero: 12,000 Ordinary shares and 10,400 D shares

P. H. Reeve: 35,350 Ordinary shares and 1,050 D shares
Shares held by nominee: 11,652 Ordinary shares and 35,350 D shares

E. Gigov: 10,400 D shares

H. J. A Stanford: 4,143 Ordinary shares and 10,400 D shares

R. Whitby-Smith: 10,400 D shares

M. Kaplan: 8,280 D shares

W. A. Jenkins: 10,400 D shares

W. T. Fraser-Allen: 12,480 D shares

A. Elder: 10,400 D shares

I. A. Anstis: 10,400 D shares

E. Lascelles: 10,400 D shares

D. Gudgin: 10,400 D shares

R. M. Aston: Nil

K. W. Yu: Nil


8 State the nature of the transaction

Allotment under the Albion VCTs Linked Top Up Offer

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

A. Phillipps                     14,606 Ordinary shares
P. Phillips                        3,876 Ordinary shares (connected person)
J. G. T.Thornton           11,685 Ordinary shares
G. O. Vero                      1,947 Ordinary shares
P. H. Reeve                    9,737 Ordinary shares
E. Gigov                         1,947 Ordinary shares
H. J. A Stanford            1,947 Ordinary shares
R. Whitby-Smith          1,947 Ordinary shares
M. Kaplan                     1,947 Ordinary shares
W. A. Jenkins                1,947 Ordinary shares
W. T. Fraser-Allen        1,947 Ordinary shares
A. Elder                          1,947 Ordinary shares
I. A. Anstis                     1,947 Ordinary shares
E. Lascelles                    1,947 Ordinary shares
D. Gudgin                       1,947 Ordinary shares
R. M. Aston                   974 Ordinary shares
K. W. Yu                        974 Ordinary shares


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

0.22% 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

£0.801 per New Ordinary share

14. Date and place of transaction

7 January 2011

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

A. Phillipps: 14,606 Ordinary shares (0.049%) and 25,625 D shares (0.404%)
Shares held by nominee: 123,000 Ordinary shares (0.410%)
Shares held by family members - P. Phillipps: 3,876 Ordinary shares (0.013%)

J. G. T. Thornton: 37,557 Ordinary shares (0.125%) and 10,400 D shares (0.164%)
Shares held by nominee: 20,000 Ordinary shares (0.067%)
Shares held by family members: 26,787 Ordinary shares (0.089%)

G. O. Vero: 13,947 Ordinary shares (0.046%) and 10,400 D shares (0.164%)

P. H. Reeve: 45,087 Ordinary shares (0.150%) and 1,050 D shares (0.166%)
Shares held by nominee: 11,652 Ordinary shares (0.039%) and 35,350 D shares
(0.558%)

E. Gigov: 1,947 Ordinary shares (0.006%) and 10,400 D shares (0.164%)

H. J. A Stanford: 6,090 Ordinary shares (0.020%) and 10,400 D shares (0.164%)

R. Whitby-Smith: 1,947 Ordinary shares (0.006%) and 10,400 D shares (0.164%)

M. Kaplan: 1,947 Ordinary shares (0.006%) and 8,280 D shares (0.131%)

W. A. Jenkins: 1,947 Ordinary shares (0.006%) and 10,400 D shares (0.164%)

W. T. Fraser-Allen: 1,947 Ordinary shares (0.006%) and 12,480 D shares (0.197%)

A. Elder: 1,947 Ordinary shares (0.006%) and 10,400 D shares (0.164%)

I. A. Anstis: 1,947 Ordinary shares (0.006%) and 10,400 D shares (0.164%)

E. Lascelles: 1,947 Ordinary shares (0.006%) and 10,400 D shares (0.164%)

D. Gudgin: 1,947 Ordinary shares (0.006%) and 10,400 D shares (0.164%)

R. M. Aston: 947 Ordinary shares (0.003%)

K. W. Yu: 947 Ordinary shares (0.003%)


16. Date issuer informed of transaction

11 January 2011

Name of contact and telephone number for queries

Isabel Dolan - Tel: [phone]
Partner of Albion Ventures LLP as Company Secretary to Albion Development VCT
PLC

11 January 2011









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Source: Albion Development VCT PLC - Ordinary Shares via Thomson Reuters ONE

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