Issue of Equity & Total Voting Rights

30 September 2011

                           Albion Development VCT PLC

                    Total Voting Rights and Issue of Equity

Albion  Development  VCT  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 27 August 2008 for Ordinary
Shares  and  5 April  2011 for  D  shares),  the  Company today allotted 79,631
Ordinary  shares of 50p each  (the "New Ordinary  Shares") and 8,946 D Shares of
50p each (the ''New D Shares'') in the capital of the Company.

The  New Ordinary Shares  were issued at  a price of  72.30p, comprising the net
asset  value at 30 June 2011 of 74.80 pence per Ordinary share less the dividend
of  2.50 pence per Ordinary  share. The New  D Shares were  issued at a price of
90.45 pence,  comprising the net asset value at 30 June 2011 of 91.70 pence less
the dividend of 1.25 pence per D Share.

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 4 October 2011. The
New  Ordinary Shares and D Shares will rank  pari passu in all respects with the
existing Ordinary shares and D Shares in issue.

Following the issue of the New Ordinary Shares and New D shares the Company will
have   33,823,795 Ordinary  shares  and  6,352,652 D  shares  in  issue.  Albion
Development VCT PLC holds 3,113,396 Ordinary shares in Treasury.

Therefore  the total number  of voting rights  in Albion Development  VCT PLC is
30,710,399 in  respect of Ordinary  shares and 6,352,652 in  respect of D shares
and  the  total  voting  rights  are  37,063,051. These  figures  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  Development  VCT  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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Source: Albion Development VCT PLC - Ordinary Shares via Thomson Reuters ONE

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