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Issue of Equity and Total Voting Rights

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Albion Development VCT PLC

Issue of Equity and Total Voting Rights

LEI Code 213800FDDMBD9QLHLB38

Albion Development VCT PLC (the “Company”) announces that, further to the Dividend Reinvestment Scheme (details of which were set out in the Circular issued to shareholders in August 2008), the Company allotted 434,384 Ordinary shares of 1 penny each (the “new ordinary shares”) in the capital of the Company on 28 May 2021. The new ordinary shares were issued at a price of 82.01 pence per ordinary share, comprising the most recent net asset value less the dividend of 2.06 pence per ordinary share.

Accordingly, application has been made to the UK Listing Authority for the admission of the 434,384 new ordinary shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities and it is expected that dealings will commence on 1 June 2021. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares in issue.

Following the issue of the new ordinary shares, the capital of the Company as at 28 May 2021 consists of 116,303,264 ordinary shares of which 12,840,773 shares are held in treasury.

Therefore, the total number of voting rights in the Company is 103,462,491 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 Guidance and Transparency Rules.

For further information please contact:

Vikash Hansrani
Operations Partner

Albion Capital Group LLP

28 May 2021

Tel: 020 7601 1850


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