Downing Structured Opportunities VCT 1 plc 29 January 2010 Issue of Equity The Directors of Downing Structured Opportunities VCT 1 plc are pleased to announce an allotment on 28 January 2010 of 3,341,620 B shares of 0.1p each ("B Shares") payable at 99.9p per share and 13,341,620 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. B Shares issued to Directors included within the above allotment, is summarised as follows: Number of B % of B Shares issued Shares at % of B Shares on 28 January today's assuming full 2010 date subscription Howard Flight Director 62,550 1.38% 0.31% Russell Catley Director 21,000 0.46% 0.11% Total 83,550 1.84% 0.42% C Shares issued to Directors and members of Management included within the above allotment, is summarised as follows: Number of C % of C Shares issued Shares at % of C Shares on 28 January today's assuming full 2010 date subscription Howard Flight Director 62,550 0.43% 0.21% Russell Catley Director 521,000 3.58% 1.75% Robin Chamberlayne Director 500,000 3.44% 1.67% Colin Corbally Management 1,170,000 8.05% 3.90% Nicholas Lewis* Management 2,700,000 18.57% 9.00% Tony McGing Management 900,000 6.19% 3.00% Grant Whitehouse Management 1,350,000 9.28% 4.50% Total 7,203,550 49.53% 24.01% * Includes shares allotted to a connected person 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#1378573]
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