Issue of Equity

Downing FOUR VCT plc
LEI: 21380035MV1VRYEXPR95
3 September 2021
Issue of Equity

The Directors of Downing FOUR VCT plc announce an allotment on 3 September 2021 of Generalist Shares of 0.1p each (“Generalist Shares”) and Healthcare Shares of 0.1p each (“Healthcare Shares”) pursuant to the Offers for Subscription which opened on 22 March 2021 (“Offers”) as follows:

Date	Generalist Shares	Average issue price per share		Healthcare Shares	Average issue price per share
3 September 2021	438,843	68.63p		166,478	83.10p

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 2021.

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	48,107,209	860	41,372,199,740
Healthcare Shares of 0.1 pence each	19,710,375	1,146	22,588,089,750
Total V oting R ights			69,982,541,794