ALBION DEVELOPMENT VCT PLC

The final allotment of New Ordinary shares of nominal value 1 penny per share in Albion Development VCT PLC (the "Company") under the Albion VCTs Prospectus Top Up Offers 2014/2015 (the "Offers"), (which was launched on 17 November 2014) took place on 30 September 2015. The Offers are now closed.

The Offers constitute separate offers made by each of the Albion VCT's which are participating in it.

The Company has received applications for 908,183 New Ordinary shares at an issue price of 73.5 pence per share. The net proceeds for this allotment by the Company are approximately £647,000.

Application has been made to the Financial Conduct Authority for 908,183 New Ordinary shares to be admitted to the Official List and to the London Stock Exchange for the New Ordinary shares to be admitted to trading on the London Stock Exchange's market for listed securities. The New Ordinary shares rank pari passu with the existing shares in issue.

It is expected that admission will become effective, and that dealings in the shares will commence on or before 8.00 a.m. on 2 October 2015.

The record date for the dividend paid of 2.50 pence per share on 30 September 2015 was 11 September 2015 and as a result, the New Ordinary shares would not qualify for this dividend.

As at this closing on 30 September 2015, the total raised by the Company under this Offer was £5,807,000. The total raised under the Offers made by each of the Albion VCT's which are participating is £34.7m.

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

The Company's capital as at 30 September 2015 consists of 59,965,643 Ordinary shares with a nominal value of 1 penny each. The Company holds 4,904,700 Ordinary shares in treasury.

Therefore, the total number of voting rights in the Company is 55,060,943, 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 Rules and Transparency Rules.

For further information, please contact:
Patrick Reeve
020 7601 1850

30 September 2015