Albany Investment Trust Plc

("Albany" or the "Company")

Directorate Change

The Board of Albany announces that Tom Chandos has been appointed to the Board as Non-Executive Director from 13^th October 2011.

Tom Chandos is chairman of the listed investment companies Invista European Real Estate Trust SICAF ad Real Estate Credit Investments PCC Limited and on the board of a number of private companies as follows:-

Act Productions Ltd

Curzon Artificial Eye Limited

Daedalus Trust

Easter Holdings Limited

New Ink Media Limited

RSMB Television Research Limited

Scopetime Limited

Splash Media Limited

The Social Market Foundation

Vocal Futures

Zone Limited

There are no further details that are required to be disclosed in respect of Tom Chandos' appointment under LR 9.6 of the Listing Rules of the UK Listing Authority.

Enquiries:

Albany Investment Trust Plc                                     Tel: 0151 236 6666

Tom Evans

Shore Capital and Corporate Limited                       Tel: 020 7408 4090

Edward Mansfield

Directorships held by Tom Chandos within the past 5 years:

Capital & Regional Plc

Charities Investment Management Limited

GFH Strategy Limited

GNE Group Limited

Moonpig.com Limited

Northbridge Management Limited

Northbridge UK Limited

Northbridge Ventures Limited

Sand Aire Limited

Steamroller Restaurants Limited

The 21^st Century Learning Initiative

Udex Holdings Limited