Directorate change

8 Jul 2019 12:58

ALBION DEVELOPMENT VCT PLC

LEI Code 213800FDDMBD9QLHLB38

DIRECTORATE CHANGE

In accordance with the Listing Rule 9.6.11 (3), the Board of Albion Development VCT PLC (the “Company”) announces that Ben Larkin has become Chairman of the Company with effect from 8 July 2019. He succeeds the late Geoffrey Vero.

Ben was appointed as a non-executive director to the Board of the Company on 5 December 2016. He is also a partner at Jones Day solicitors and has extensive experience of private equity and structured finance transactions.

Additionally, in accordance with Listing Rule 9.6.11 (1), the Board is pleased to announce that, following a formal selection process, Lord O’Shaughnessy will be appointed to the Board of the Company with effect from 8 July 2019.

Lord O’Shaughnessy has operated at the highest levels across UK Government, including as a Parliamentary Under Secretary in the Department for Health & Social Care with key policy responsibilities including life sciences; medicines pricing and regulation; preparing the health and social care sectors for Brexit; and, data, digital and technology, including cyber security. He was created a life peer in 2015 taking the title Baron O’Shaughnessy, of Maidenhead in the Royal County of Berkshire, and previously served as Director of Policy in No.10 Downing Street.

The Board looks forward to working closely with him over the coming years.

For further information please contact:

Albion Capital Group LLPCompany SecretaryTel: 020 7601 1850

8 July 2019