Issue of Equity

Downing FOUR VCT plc
LEI: 21380035MV1VRYEXPR95
7 January 2022
Issue of Equity

The Directors of Downing FOUR VCT plc announce allotments on 6 January 2022 of Ventures Shares of 0.1p each (“Ventures Shares”), Healthcare Shares of 0.1p each (“Healthcare Shares”) and AIM Shares of 0.1p each (“AIM Shares”) pursuant to the Offers for Subscription which opened on 12 August 2021 (“Offers”) as follows:

Date	Ventures Shares	Average issue price per share
Ventures Shares	2,301,477	68.95p
Healthcare Shares	1,296,496	86.70p
AIM Shares	964,276	102.01p

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 14 January 2022.

Included in the above were the following allotments to Directors/PDMRs:

Director / PDMR			Shares allotted	Issue price
Lord Flight	Director	Ventures Shares	14,836	67.40p
Lord Flight	Director	Healthcare Shares	11,750	85.11p

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
Ventures Shares	50,408,686	860	43,351,469,960
Healthcare Shares	20,930,170	1,146	23,985,974,820
AIM Shares	964,276	1,146	1,105,060,296
Total V oting R ights			74,464,757,380