ALBION DEVELOPMENT VCT PLC

Notice of Dividend Amount • Apr 26, 2012

ALBION DEVELOPMENT VCT PLC DIVIDEND REINVESTMENT SCHEME REMINDER

Albion Development VCT PLC has a Dividend Reinvestment Scheme, whereby you can elect to receive dividends in the form of new shares, which would, for individuals, be eligible for income tax relief at the rate of 30 per cent. If you have not already applied to join this scheme and wish to do so, you should:

• 1. Go to www.albion-ventures.co.uk and click on Albion Development VCT PLC under the 'Our Funds' section, at the top of the page. The Circular detailing the terms and conditions and the mandate form can be found on the right hand side.
• 1. Print and fill out the mandate form and return to Computershare, whose address can be found on the mandate form. Alternatively go to the Computershare investor portal at www.investorcentre.co.uk and follow the instructions for joining the Dividend Reinvestment Scheme.
• 1. The price at which each new share will be issued will be at the most recently announced net asset value per share, as adjusted for the Dividend declared.

Please note, however, that New shares issued in the name of a nominee will not be eligible for the initial 30 per cent. tax relief. In order to obtain income tax relief, it is necessary for UK shareholders to subscribe for the New shares in their own name.

In making their decision whether or not to participate in the Dividend Reinvestment Scheme, shareholders should note that from time to time, shares in the Company may trade in the Stock Market at a discount approaching or greater than the current income tax relief of 30 per cent.