ALBION DEVELOPMENT VCT PLC

AGM Information • May 12, 2021

National Storage Mechanism | Additional information

ALBION DEVELOPMENT VCT PLC

LEI Code 213800FDDMBD9QLHLB38

At an Annual General Meeting of Albion Development VCT PLC, duly convened and held at 1 Benjamin Street, London EC1M 5QL on 12 May 2021, the following resolutions were passed:

		Votes For (or at the Chairman’s discretion)	Against
No	Description	% Votes Cast
1	To receive and adopt the Company’s accounts for the year ended 31 December 2020	100.00%	0.00%
2	To approve the Directors’ remuneration report	94.93%	5.07%
3	To re-elect Ben Larkin as a Director of the Company	98.58%	1.42%
4	To re-elect Lyn Goleby as a Director of the Company	97.72%	2.28%
5	To re-elect Lord O’Shaughnessy as a Director of the Company	98.76%	1.24%
6	To re-elect Patrick Reeve as a Director of the Company	98.68%	1.32%
7	To re-appoint BDO LLP as Auditor of the Company	95.69%	4.31%
8	To authorise the Directors to agree the Auditor’s remuneration	99.60%	0.40%
9	Authority to allot shares	94.30%	5.70%
10	Authority for the disapplication of pre-emption rights	91.72%	8.28%
11	Authority to purchase own shares	98.40%	1.60%
12	Cancellation of share premium and capital redemption reserve	96.46%	3.54%
13	Amendments to the Articles of Association to enable general meetings to be held by electronic means	96.31%	3.69%

Resolution numbers 1 to 9 were passed as Ordinary resolutions, and resolution numbers 10 to 13 were passed as Special resolutions.

Answers to the questions received from shareholders and a recording of the AGM, including a presentation by the Manager, will be available on the Albion Capital website at www.albion.capital/funds/AADV.

12 May 2021

For further information please contact:

Vikash Hansrani

Operations Partner

Albion Capital Group LLP

Telephone: 020 7601 1850

AADVchair@albion.capital