Tranche Update on Albion Development VCT PLC's Equity Buyback Plan announced on May 27, 2021.

Albion Development VCT PLC is a United Kingdom-based venture capital trust (VCT). The Company invests in a portfolio of higher-growth businesses with a focus on technology companies across a variety of sectors of the United Kingdom economy. The Company's allocation of assets is determined by the investment opportunities, which become available, but efforts are made to ensure that the portfolio is diversified in terms of sector and stage of maturity of the Company. The Company invests in various sectors, including software and technology; healthcare, including digital healthcare; renewable energy; financial technology, and others, including education. The investment manager of the Company is Albion Capital Group LLP.