ALBION DEVELOPMENT VCT PLC

TRANSACTION IN OWN SHARES AND TOTAL VOTING RIGHTS AND CAPITAL

Albion Development VCT PLC (the "Company") announces that it purchased 137,000 Ordinary shares at 66.66 pence per share on 5 May 2017. The shares purchased represent 0.20% 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 2017 consisted of 74,506,077 Ordinary shares with a nominal value of 1 penny each. The Company holds 6,777,700 Ordinary shares in treasury.

Therefore, the total number of voting rights in the Company is 67,728,377 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.

8 May 2017

Albion Ventures LLP

Company Secretary

Tel: 020 7601 1850

LEI Code 213800FDDMBD9QLHLB38