Director/PDMR Shareholding

ALBION VENTURE CAPITAL TRUST PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
  
This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).

(1)  An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24 - see below.
(2)  An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24 - N/A.
(3)  An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24 - N/A.
(4)  An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24 - N/A.
  
1. Name of the issuer

Albion Venture Capital Trust PLC

2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(c) a disclosure made in accordance with section 793 of the Companies Act 2006; or

(iii) both (i) and (ii)

Notification in accordance with (iii)

3. Names of persons discharging managerial responsibilities/director

P. H. Reeve           (Managing Partner - Albion Ventures LLP, the Investment Manager)
D. Gudgin              (Partner - Albion Ventures LLP)
H. Stanford           (Partner - Albion Ventures LLP)
A. Elder                 (Partner - Albion Ventures LLP)
C. Ruedig              (Investment Manager - Albion Ventures LLP)

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

All the individuals referred to in 3 above are staff of Albion Ventures LLP, the Investment Manager.

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

The notification is in respect of direct holdings of the individuals referred to in 3 above.

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

New Ordinary shares of 1p each

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

P. H. Reeve           35,745  Ordinary shares    11,353 Ordinary shares (Reyker Nominees)
D. Gudgin                   13,197  Ordinary shares
H. Stanford                 8,448  Ordinary shares
A. Elder                       5,735  Ordinary shares
C. Ruedig                    13,364  Ordinary shares

8. State the nature of the transaction

 Issue of New Ordinary shares under Dividend Reinvestment Scheme

9. Number of shares, debentures or financial instruments relating to shares acquired

P. H. Reeve                              1247 Ordinary shares
D. Gudgin                                 460 Ordinary shares
H. Stanford                               295 Ordinary shares
A. Elder                                     200 Ordinary shares        
C. Ruedig                                  466 Ordinary shares

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.0045% (Ordinary shares)

11. Number of shares, debentures or financial instruments relating to shares disposed

Nil

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

£0.717 per New Ordinary share

14. Date and place of transaction

31 July 2013

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

P. H. Reeve                           36,992 Ordinary shares (in total 0.082%) 11,353 Ordinary shares (Reyker Nominee)
D. Gudgin                              13,657 Ordinary shares (0.023%)
H. Stanford                           8,743 Ordinary shares (0.015%)
A. Elder                                 5,935  Ordinary shares (0.010%)
C. Ruedig                             13,830  Ordinary shares (0.024%)

16. Date issuer informed of transaction

31 July 2013

Name of contact and telephone number for queries

Isabel Dolan - Tel: [phone]
Partner of Albion Ventures LLP as Company Secretary to Albion Venture Capital Trust PLC

31 July 2013

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Albion Venture Capital Trust PLC via Thomson Reuters ONE

HUG#1720289