Transaction in Own Shares

ALBION DEVELOPMENT VCT PLC

TRANSACTION IN OWN SHARES AND TOTAL VOTING RIGHTS AND CAPITAL

Albion Development VCT PLC (the "Company") announces that it purchased 512,000 Ordinary shares at 67.165 pence per share on 5 May 2016. The shares purchased represent 0.81% of the total number of voting rights in the Company before the transaction.  These shares will be held in treasury.

Following this transaction, and in conformity with the provisions of DTR 5.6, we would like to notify the market of the following:

The capital of the Company as at 5 May 2016 consisted of 68,135,682 Ordinary shares with a nominal value of 1 penny each. The Company holds 5,769,700 Ordinary shares in treasury.

Therefore, the total number of voting rights in the Company is 62,365,982 which may be used by shareholders or other persons as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

5 May 2016

Albion Ventures LLP

Company Secretary

Tel: [phone]

---

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

HUG#2010174