Disposal of cinema investments

Albion Ventures
FOR IMMEDIATE RELEASE
6 December 2012

Albion Development VCT PLC

Disposal of cinema investments

The Board is pleased to announce the successful sale of its five cinema investments, realising net proceeds of £2,060,000, compared to book value of £1,838,000 at 30 September 2012, adjusted for loan stock repaid subsequent to that date, and cost of £1,211,000.

The five cinema investments comprised City Screen (Liverpool) Limited, CS (Greenwich) Limited, CS (Brixton) Limited, CS (Exeter) Limited and CS (Norwich) Limited and were sold today as part of the sale of the City Screen group to Cineworld Group plc.

As a result of the sale, Albion Development VCT PLC has, since its original investment in 2002, received a return of approximately 2.3x its investment including loan stock interest and other income and loan stock repayments received.

ENDS
For further enquiries, please contact:

Henry Stanford
Partner, Albion Ventures LLP
020 7601 1850

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

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