Issue of Equity

Albion Development VCT PLC


The  fifth allotment under the terms of the Offer for Subscription (the "Offer")
for  D shares ("D  Shares") in Albion  Development VCT PLC  (the "Company") took
place on 23 March  2010, at an issue price of 100p per D Share.

Applications  were received under the Offer for 652,295 D Shares and will be met
in  full. This brings  the total number  of D Shares  allotted to date under the
Offer to 3,167,895.

The  net proceeds of the allotment today  are £0.62 million. The net proceeds of
all allotments to date under the terms of the Offer are now £3.0 million.

The  Offer will remain  open until 5 April  2010 in respect of the 2009/2010 tax
year and 30 April 2010 in respect of the 2010/2011 tax year (in respect of which
a number of applications have been received) unless closed earlier.

Application  has been  made to  the Financial  Services Authority  for 652,295 D
Shares  to be admitted to the Official List and to the London Stock Exchange for
the D Shares to be admitted to trading on the London Stock Exchange's market for
listed securities.

It  is expected that Admission  will become effective, and  that dealings in the
Shares will commence, at 8.00 a.m. on 24 March 2010.


For further information, please contact:



  Patrick Reeve         020 7601 1850
  Albion Ventures LLP


23 March 2010



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