Issue of Equity

Downing FOUR VCT plc
LEI: 21380035MV1VRYEXPR95
1 March 2022
Issue of Equity

The Directors of Downing FOUR VCT plc announce allotments on 1 March 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:

Share Class	Shares	Average issue price per share
Ventures Shares	725,074	69.91p
Healthcare Shares	193,432	84.85p
AIM Shares	291,960	102.46p

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 7 March 2022.

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

		Voting
	Shares	rights	Voting
	in issue	per share	rights
DSO D Shares	7,867,247	232	1,825,201,304
DP67 Ordinary Shares	11,192,136	375	4,197,051,000
Ventures Shares (excluding Mgt Shares)	51,755,681	860	44,509,885,660
Healthcare Shares (excluding Mgt Shares)	21,528,541	1,146	24,671,707,986
AIM Shares	1,447,083	1,146	1,658,357,118
Total Voting Rights			76,862,203,068