Notification of portfolio company transaction

Notification of portfolio company transaction

ALBION DEVELOPMENT VCT PLC

LEI Code 213800FDDMBD9QLHLB38

The Board of Albion Development VCT PLC (the "Company") is pleased to announce the exchange of contracts for the sale of one of its investments, Grapeshot Limited. Subject to various conditions being met, completion is expected to take place within approximately a month. The table below sets out the potential uplift in net asset value per share for the Albion VCTs including an estimate of the USD/GBP exchange rate and transaction costs, and excluding any discounts for completion risk. The valuation of the holding as at 31^st March 2018 will include a discount to the total estimated consideration to reflect completion and other risks.

Albion VCTs	Potential uplift in net asset value per share if transaction completes, excluding escrow	Potential uplift in net asset value per share if transaction completes, with no deductions against escrow
Albion Development VCT PLC	3.4p	5.1p
Albion Enterprise VCT PLC	5.8p	8.6p
Albion Technology & General VCT PLC	1.1p	1.7p
Crown Place VCT PLC	0.3p	0.5p
Kings Arms Yard VCT PLC	0.5p	0.8p

Albion Capital Group LLP
Telephone: [phone]

24^th April 2018

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Albion Development VCT PLC - Ordinary Shares via Globenewswire