Issue of Equity

Downing FOUR VCT plc
LEI: 21380035MV1VRYEXPR95
6 April 2020
Issue of Equity

The Directors of Downing FOUR VCT plc (“the Company”) announce allotments of Generalist Shares of 0.1p each (“Generalist Shares”) and Healthcare Shares of 0.1p each (“Healthcare Shares”) pursuant to the Offers for Subscription that opened on 27 February 2020 (“Offers”) as follows:

Date	Generalist  Shares	Average  issue price  per share		Healthcare  Shares	Average  issue price  per share
5 April 2020	668,377	62.61p		191,150	69.08p

Following these allotments, the issued share capital and total voting rights of the Company are summarised follows:Application for these shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's market for listed securities will be made shortly. Dealings are expected to commence on or around 13 April 2020.

	Shares in issue	Voting  rights per share	Voting rights
DSO D Shares of 0.1 pence each	7,867,247	232	1,825,201,304
DP67 Ordinary Shares of 0.1 pence each	11,192,136	375	4,197,051,000
Generalist Shares of 0.1 pence each	56,750,335	860	48,805,288,100
Healthcare Shares of 0.1 pence each	23,218,511	860	19,967,919,460
Total voting rights			74,795,459,864