Interim Management Statement

Albion Technology & General VCT PLC Interim Management Statement

Introduction
I am pleased  to present the  Company's interim management  statement
for the period from 1 January 2009 to 18 May 2009 as required by  the
UK Listing Authority's Disclosure and Transparency Rule 4.3.

Financial Position and Performance
The Ordinary  shares and  C shares  approximate unaudited  net  asset
value (NAV) as at  31 March 2009  was 88.2 pence  and 75.7 pence  per
share respectively.

Shareholders are reminded that the Ordinary shares paid an 8.0  pence
dividend and the C  shares paid a 1.5  pence dividend in advance  for
the year to 31 December 2009, on 30 December 2008.

As a result there will be  no further dividends paid on the  Ordinary
shares for the year to 31  December 2009 and one further dividend  on
the C shares for the year to 31 December 2009 (which is likely to  be
paid in September 2009 following the announcement of the half  yearly
results).

Portfolio
In the period from 1 January 2009 to 18 May 2009 Albion Technology  &
General VCT PLC has made material new investments as follows:

Ordinary share portfolio


+-------------------------------------------------------------------+
|         Investment          |   Existing/New investee    | £'000s |
|                             |          company           |        |
|-----------------------------+----------------------------+--------|
| Forth Photonics Limited     |            New             |   80   |
|-----------------------------+----------------------------+--------|
| Prime Care Holdings Limited |          Existing          |   43   |
|-----------------------------+----------------------------+--------|
| Xceleron Limited            |          Existing          |   33   |
|-----------------------------+----------------------------+--------|
| Vibrant Energy Surveys      |          Existing          |   13   |
| Limited                     |                            |        |
|-----------------------------+----------------------------+--------|
| Wellands Inn VCT Limited    |          Existing          |   12   |
+-------------------------------------------------------------------+


C share portfolio


+-------------------------------------------------------------------+
|         Investment          |   Existing/New investee    | £'000s |
|                             |          company           |        |
|-----------------------------+----------------------------+--------|
| Forth Photonics Limited     |            New             |  340   |
|-----------------------------+----------------------------+--------|
| Prime Care Holdings Limited |          Existing          |  150   |
|-----------------------------+----------------------------+--------|
| Rostima Limited             |          Existing          |   91   |
|-----------------------------+----------------------------+--------|
| Xceleron Limited            |          Existing          |   61   |
|-----------------------------+----------------------------+--------|
| Vibrant Energy Surveys      |          Existing          |   39   |
| Limited                     |                            |        |
|-----------------------------+----------------------------+--------|
| Wellands Inn VCT Limited    |          Existing          |   38   |
|-----------------------------+----------------------------+--------|
| Helveta Limited             |          Existing          |   31   |
+-------------------------------------------------------------------+



Top Ten Qualifying Holdings (merged portfolios) as at 31 March 2009

+-----------------------------------------------------------+
|              Holding              | Carrying Value £'000s |
|-----------------------------------+-----------------------|
| Kensington Health Clubs Limited   |         2,193         |
|-----------------------------------+-----------------------|
| Chichester Holdings Limited       |         1,923         |
|-----------------------------------+-----------------------|
| Evolutions Television Limited     |         1,558         |
|-----------------------------------+-----------------------|
| The Charnwood Pub Company Limited |         1,303         |
|-----------------------------------+-----------------------|
| Xceleron Limited                  |         1,266         |
|-----------------------------------+-----------------------|
| The Weybridge Club Limited        |         1,192         |
|-----------------------------------+-----------------------|
| The Q Garden Company Limited      |         1,000         |
|-----------------------------------+-----------------------|
| Blackbay Limited                  |          965          |
|-----------------------------------+-----------------------|
| Bravo Inns II Limited             |          931          |
|-----------------------------------+-----------------------|
| Dexela Limited                    |          918          |
+-----------------------------------------------------------+


Material Events and Transactions
The business of  Close Ventures Limited,  the Company's manager,  was
acquired by  Albion  Ventures  LLP  ("Albion  Ventures")  from  Close
Brothers Group ("Close") on 23 January 2009.

The  Company's  management  contract  has  been  novated  from  Close
Ventures to  Albion Ventures  unchanged. The  investment approach  of
Albion Ventures and  the investment  policy of the  Company are  also
unchanged,  with  a  continued  objective  of  building  up  a  broad
portfolio of investments in companies with no cash borrowing. This is
intended to allow the Company to maintain a strong dividend yield.

A General  Meeting  approved a  change  to the  Company's  name  from
Close Technology & General VCT PLC to Albion Technology & General VCT
PLC on 25  March 2009. The  Company Secretary has  changed to  Albion
Ventures LLP.

A Floating Rate Note with a nominal value of £5,000,000 matured on 19
January 2009 and was repaid to the Company.

Movements in Share Capital
In the  period from  1 January  2009  to 18  May 2009,  your  Company
re-purchased 39,406  Ordinary shares  at a  price of  67.5 pence  per
share and 391,984 C shares at a price of 54.6 pence per share.  These
shares will be held in treasury.

There have been  no further significant  events or transactions  that
the Board  is aware  of which  would have  a material  impact on  the
financial position of the Company between  1 January 2009 and 18  May
2009.

Information regarding historic and current financial performance  and
other useful shareholder information can be found on the VCTs website
under www.albion-ventures.co.uk/Our Funds/Albion Technology & General
VCT PLC.

18 May 2009
For further information, please contact:
Patrick Reeve
Albion Ventures LLP
Tel: [phone]

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