Downing FOUR VCT plc
21 November 2017
LEI: 21380035MV1VRYEXPR95
Issue of Equity

The Directors of Downing FOUR VCT plc announce an allotment on 21 November 2017 of Healthcare Shares of 0.1p each ("Healthcare Shares") pursuant to the Offers for Subscription that opened on 8 December 2016 ("Offers") as follows:

444,297 Healthcare Shares at an average price of 103.79p.

The Directors of Downing FOUR VCT plc further announce an allotment on 21 November 2017 of Generalist Shares of 0.1p each ("Generalist Shares") pursuant to the Top-Up Offer for Subscription dated 25 August 2017 ("Top-Up Offer") as follows:

38,678 Generalist Shares at an average price of 102.10p.

Application for all 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 27 November 2017.

Following this allotment, the issued share capital and total voting rights of the Company are summarised follows:

	Shares in issue	Voting rights per share	Voting rights
DSO B Shares of 0.1 pence each	19,911,070	206	4,101,680,420
DSO C Shares of 0.1 pence each	29,926,070	1	29,926,070
DSO D Shares of 0.1 pence each	7,867,247	925	7,277,203,475
DP2011 General Ordinary Shares of 0.1 pence each	15,644,066	213	3,332,186,058
DP2011 General A Shares of 0.1 pence each	18,418,614	113	2,081,303,382
DP2011 Structured Ordinary Shares of 0.1 pence each	10,678,725	219	2,338,640,775
DP2011 Structured A Shares of 0.1 pence each	12,572,817	113	1,420,728,321
DP2011 Low Carbon Ordinary Shares of 0.1 pence each	7,575,419	500	3,787,709,500
DP67 Ordinary Shares of 0.1 pence each	11,239,785	750	8,429,838,750
Generalist Shares of 0.1 pence each	37,875,979	1,146	43,405,871,934
Healthcare Shares of 0.1 pence each	11,108,713	1,146	12,730,585,098
Total voting rights			88,935,673,783

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