Issue of Equity

Downing FOUR VCT plc
LEI: 21380035MV1VRYEXPR95
6 June 2022
Issue of Equity

The Directors of Downing FOUR VCT plc announce allotments on 6 June 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:

	Shares	Average issue price per share
Ventures Shares	224,370	69.45
Healthcare Shares	119,867	85.64
AIM Shares	114,892	102.13

Additionally, in accordance with the prospectus dated 12 August 2021, Management Shares were issued to members of the Management to be held in a designated Nominee as follows:

	Shares	Issue price per share
Ventures Shares	2,759,758	0.1
Healthcare Shares	1,106,592	0.1

An agreement is in place whereby the Management Shares will not be voted and any dividends will be waived until the Performance Hurdles are met.

Application for all these shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities will be made shortly. Dealings are expected to commence on or around 13 June 2022.

The Offers are now closed.

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	55,904,598	860	48,077,954,280
Healthcare Shares	22,848,257	1,146	26,184,102,522
AIM Shares	2,695,803	1,146	3,089,390,238
Total Voting Rights			83,373,699,344