Transaction in Own Shares

Downing Distribution VCT 1 plc
Transaction in own shares
24 December 2010

Downing  Distribution  VCT  1 plc announces  that  on  the  16 December 2010 the
Company   purchased   35,897 Ordinary   Shares   of   1p each  for  cancellation
representing  approximately  0.17% of  the  issued  share  capital at a price of
82.0p per share.







This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Downing Distribution VCT 1 plc via Thomson Reuters ONE

[HUG#1475606]