Transaction in Own Shares

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

Downing  Distribution  VCT  1 plc announces  that,  on  the 3 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
79.0p per share.


[HUG#1468821]








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Source: Downing Distribution VCT 1 plc via Thomson Reuters ONE