Issue of Equity and Total Voting Rights and Capital

Albion Development VCT

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ALBION DEVELOPMENT VCT PLC

Issue of Equity and Total Voting Rights and Capital

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 790,223 ordinary shares of 1 penny each (the "new ordinary shares”) in the capital of the Company on 25 October 2024. The new ordinary shares were issued at a price of 90.51 pence per ordinary share, comprising the most recent net asset value of 95.91 pence per share less the special dividend of 3.00 pence per share and less the second dividend paid on 30 Septemeber 2024 of 2.40 pence per share.

Accordingly, application has been made to the UK Listing Authority for the admission of the 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 28 October 2024. 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 25 October 2024 consists of 167,899,752 ordinary shares of which 19,309,045 are in Treasury.

The total number of voting rights in the Company is 148,590,707 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.

25 October 2024

For further information please contact:

Vikash Hansrani

Operations Partner

Albion Capital Group LLP Tel: 020 7601 1850