Issue of Equity

Downing FOUR VCT plc
LEI: 21380035MV1VRYEXPR95
7 September 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
4 September 2020	452,833	66.86p		230,529	72.36p

Application for these shares to be admitted to the Official List of the UK Listing 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 10 September 2020.

Following these allotments, the issued share capital and total voting rights (excluding management shares) of the Company are summarised follows:

	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	45,986,777	860	39,548,628,220
Healthcare Shares of 0.1 pence each	18,804,189	860	16,171,602,540
Total voting rights			61,742,483,064