Publication of Prospectus

19 March 2014

Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Albion Venture Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC

Albion VCTs Prospectus Top Up Offers 2013/2014

Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Albion Venture Capital Trust PLC, Crown Place VCT PLC and Kings Arms Yard VCT PLC (together, "the Companies") announce that they have published a Prospectus (comprising a Securities Note, Registration Document and Summary) in relation to offers for subscription for new Ordinary Shares in each of the Companies to raise, in aggregate, up to £17.6 million (before issue costs) (the "Offers").

The Offers open on 19 March 2014 and are expected to close no later than 30 September 2014 (unless fully subscribed by an earlier date or previously closed).

A downloadable version of the Prospectus will be available from www.albion-ventures.co.uk.

Copies of the Prospectus are available, free of charge, from the Companies' registered office at 1 King's Arms Yard, London, EC2R 7AF.

In accordance with the Listing Rules, the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

Closure of the Non-Prospectus Top Up Offers 2013/2014

The Companies also announce the closure on Friday 14 March 2014 of the Albion VCTs non prospectus Top Up Offers 2013/2014. Valid applications have been received under the Top Up Offers 2013/2014 for £9.4m (including £6m allotted on 31 January 2014). The next and final allotment of Ordinary Shares under the Top Up Offers for the current tax year is expected to be on 5 April 2014, and dealings are expected to commence by 10 April 2014.  The allotment of Ordinary Shares under the Top Up Offers for the tax year 2014/15 will take place after 6 April 2014.  Rejected Applications under the Top Up Offers may be accepted under the Prospectus Top Up Offers if accompanied by a Letter of Transfer available from www.albion-ventures.co.uk.

Enquiries:

For further information, please contact:

Patrick Reeve / Will Fraser-Allen

Albion Ventures
Telephone: [phone]

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

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