Transaction in Own Shares

Close Brothers Dev VCT PLC
26 September 2006



The heading for this announcement should read CLOSE BROTHERS DEVELOPMENT VCT PLC
(as below), and replaces the announcement submitted yesterday afternoon 
(RNS No 4296J).



                       CLOSE BROTHERS DEVELOPMENT VCT PLC





Close Brothers Development VCT PLC announces that on 25 September 2006 it
purchased, to be held in treasury, 160,517 Ordinary Shares (representing 1.25%
of the issued Ordinary Share Capital), at a price of 87p per Ordinary Share and
71,715 C Shares (representing 0.4% of the C Share capital) at a price of 95p per
C Share.



Following the purchase of the 160,517 Ordinary Shares and 71,715 C Shares, the
total number of treasury shares held by the Company will be 160,517 Ordinary
Shares and 71,715 C Shares. The issued share capital of the Company, less the
total number of shares held in treasury, will be 12,885,150 Ordinary Shares and
18,048,792 C Shares.





25 September 2006







For further information:



Patrick Reeve - Close Venture Management Limited      Tel: [phone]






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