Issue of Equity

Albion Development VCT PLC


The  first allotment of New Ordinary Shares  of nominal value 50 pence per share
in  Albion Development VCT PLC under the  Albion VCTs Linked Top Up Offer (which
was  launched on 1 November 2010) took place on 7 January 2011 at an issue price
of 80.1 pence per New Ordinary Share.

Applications  for 816,370 New Ordinary Shares in Albion Development VCT PLC were
received,   including   those  applications  received  within  the  first  £2.5m
subscribed  under the Offer, which are entitled to an additional 1% of the value
subscribed,  in New Ordinary Shares. The cost of this additional 1% New Ordinary
Shares is being borne by the Manager, Albion Ventures LLP.

The  net  proceeds  of  the  Offer  to  date  to  Albion Development VCT PLC are
approximately  £604,000. The  Offer will  remain open  until 12 noon  on 5 April
2011 unless fully subscribed and closed earlier.

Application  has been made  to the Financial  Services Authority for 816,370 New
Ordinary  Shares to  be admitted  to the  Official List  and to the London Stock
Exchange  for the New  Ordinary 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 on or before, 8.00 a.m. on 14 January 2011.

As  at the first closing of the Albion VCTs Linked Top Up Offer (the "Offer") on
7 January  2011, applications (across  all seven  of the  Albion VCTs) totalling
£4,261,500 were received, and will be met in full.

Further  details of the Albion VCTs Linked  Top Up Offer (including the Investor
Guide  and Offer Document issued on 1 November 2010) can be found at www.albion-
ventures.co.uk.


For further information, please contact:


 Patrick Reeve         020 7601 1850
 Albion Ventures LLP


10 January 2011






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

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