ALBION DEVELOPMENT VCT PLC

Declaration of Voting Results & Voting Rights Announcements • May 30, 2023

National Storage Mechanism | Additional information

ALBION DEVELOPMENT VCT PLC

AGM STATEMENT

LEI Code 213800FDDMBD9QLHLB38

At an Annual General Meeting (“AGM”) of Albion Development VCT PLC, duly convened and held virtually at noon on 30 May 2023 at the registered office of the Company at 1 Benjamin Street, London, EC1M 5QL, the following resolutions as set out in the notice of the AGM were passed by way of a poll, and the table below shows the result of the votes cast on each resolution:

		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 2022	100.00%	0.00%
2	To approve the Directors’ remuneration policy	94.49%	5.51%
3	To approve the Directors’ remuneration report for the year ended 31 December 2022	94.45%	5.55%
4	To re-elect Ben Larkin as a Director of the Company	98.78%	1.22%
5	To re-elect Lyn Goleby as a Director of the Company	95.50%	4.50%
6	To re-elect Lord O’Shaughnessy as a Director of the Company	97.22%	2.78%
7	To re-elect Patrick Reeve as a Director of the Company	96.37%	3.63%
8	To re-appoint BDO LLP as Auditor of the Company	96.54%	3.46%
9	To authorise the Directors to agree the Auditor’s remuneration	98.80%	1.20%
10	Authority to allot shares	94.87%	5.13%
11	Authority for the disapplication of pre-emption rights	95.68%	4.32%
12	Authority to purchase own shares	99.24%	0.76%

Resolution numbers 1 to 10 were passed as Ordinary resolutions, and resolution numbers 11 and 12 were passed as Special resolutions.

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.

30 May 2023

For further information please contact:

Vikash Hansrani

Operations Partner

Albion Capital Group LLP

Telephone: 020 7601 1850