Nav Announcement

23 Feb 2023 12:45

Albion Development VCT PLC LEI number: 213800FDDMBD9QLHLB38NAV Announcement

IntroductionThis announcement contains unaudited information. The audited Annual Report and Financial Statements for the year ended 31 December 2022 are expected to be released in March 2023. The final audited net asset value (“NAV”) may differ from this unaudited NAV.

Net asset valueThe Board of Albion Development VCT PLC (the “Company”) announces that the unaudited net asset value (“NAV”) of the Company as at 31 December 2022 was £114.46 million or 88.65 pence per share (30 September 2022: 91.32 pence per share).

Fundraising updateIn relation to the Albion VCTs Prospectus Top Up Offers 2022/23 dated 10 October 2022, the Company intends to allot shares on 24 February 2023 based upon the latest published NAV in accordance with the Pricing Formula set out in the Prospectus.

For further information please contact:Vikash HansraniOperations PartnerAlbion Capital Group LLPTelephone: 020 7601 1850

23 February 2023