Result of AGM

ALBION DEVELOPMENT VCT PLC

                                 Result of AGM

Albion Development VCT PLC (the "Company") announces that all of the resolutions
put to the shareholders at the Company's Annual General Meeting held at the City
of London Club, 19 Old Broad Street, London, EC2N 1DS on 11 May 2011 were duly
passed.

Resolutions 1 to 7 related to Ordinary Business. Resolutions 8 to 11 related to
Special Business, as set out below:

Resolution  8: To extend  the Directors'  authority to  allot shares pursuant to
section 551 of the Companies Act 2006.

Resolution  9: To empower Directors to  dis-apply pre-emption rights pursuant to
section 570 of the Companies Act 2006.

Resolution 10: To extend the authority for the Company to make one or more
market purchases of Ordinary Shares in the capital of the Company pursuant to
section 693(4) and 727 of the Companies Act 2006.

Resolution 11:  To empower the Directors to sell treasury shares at the higher
of the prevailing current share price and the price bought in at.
Under Listing Rule 9.6.3 a copy of the resolutions has been submitted to the
National Storage Mechanism and will shortly be available for inspection at:
www.Hemscott.com/nsm.do.

Further information regarding the Company and its activities is available at
www.albion-ventures.co.uk


Albion Ventures LLP - tel: [phone]

Company Secretary

Albion Development VCT PLC







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

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