Downing Structured Opportunities VCT 1 plc
8 January 2010
Issue of Equity

The  Directors  of  Downing  Structured  Opportunities  VCT 1 plc are pleased to
announce  an allotment on 8 January 2010 of  1,200,793 B shares of 0.1p each ("B
Shares")  payable at  99.9p per share  and 1,200,793 C  shares of  0.1p each ("C
Shares")  payable at 0.1p per share pursuant to the Offers for Subscription that
opened on 15 October 2009.

Application for the B Shares and C 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 at the earliest practical opportunity.

The  Offers for Subscription  are expected to  remain open until 5 April 2010 in
respect of the 2009/2010 tax year and 30 April 2010 in respect of the 2010/2011
tax year unless previously extended or fully subscribed earlier.



[HUG#1371808]