TIDMDPV7 
 
   Downing Structured Opportunities VCT 1 plc (now renamed Downing FOUR VCT 
plc) 
 
   Downing Planned Exit VCT 2011 plc 
 
   Downing Planned Exit VCT 6 plc 
 
   Downing Planned Exit VCT 7 plc (together "the Companies") 
 
   Merger Update - Joint Announcement 
 
   21 July 2015 
 
   This announcement is made by the Companies in connection with merger of 
Downing Structured Opportunities VCT 1 plc ("DSO") with Downing Planned 
Exit VCT 2011 plc ("DP2011"), Downing Planned Exit VCT 6 plc ("DP7") and 
Downing Planned Exit VCT 7 plc ("DP7") by way of schemes of 
reconstruction under section 110 of the Insolvency Act 1986 ("the 
Schemes"), details of which were contained in a prospectus and in 
circulars to the shareholders of the Companies, each dated 15 June 2015. 
 
   The boards of directors of DSO, DP2011, DP6 and DP7 are pleased to 
advise that the resolutions proposed at the general meetings of DP2011, 
DP6 and DP7 held on 20 July 2015 were duly passed. 
 
   Immediately following the general meetings, as set out in the Prospectus, 
Sir Aubrey Brocklebank and Russell Catley were appointed as 
non-executive directors of DSO. 
 
   In implementing the Schemes, the assets and liabilities of DP2011, DP6 
and DP7 have been transferred to DSO, in consideration for the issue of 
the Consideration Shares. 
 
   The issue of the Consideration Shares is summarised as follows: 
 
 
 
 
                     Original      Original 
                      Share       Shares in                                                                         New 
  Original Company    Class         issue       Ratio    Consideration Share Class    Consideration Shares issued   TIDM 
                                                           DP2011 General Ordinary 
DP2011               General Ord  15,679,241      1:1                       Shares                     15,679,241   D4OO 
DP2011               General A    18,453,789      1:1      DP2011 General A Shares                     18,453,789   D4OA 
                     Structured                         DP2011 Structured Ordinary 
DP2011                Ord         10,678,725      1:1                       Shares                     10,678,725   D4GO 
                     Structured 
DP2011                A           12,572,817      1:1   DP2011 Structured A Shares                     12,572,817   D4GA 
                     Low Carbon                         DP2011 Low Carbon Ordinary 
DP2011                Ord          8,102,222  1:0.935                       Shares                      7,575,419   D4LC 
DP6                  Ordinary      5,355,154      1:1         DP67 Ordinary Shares                      5,355,154   D467 
DP7                  Ordinary      5,965,104      1:1         DP67 Ordinary Shares                      5,965,104   D467 
 
 
   Application will shortly be made for all the Consideration Shares issued 
to be admitted to the Official List and to trading on the main market of 
the London Stock Exchange. The date on which admission is expected to 
become effective and that trading will commence will be announced 
shortly. 
 
   DSO has now changed its named to "Downing FOUR VCT plc". The name change 
will be effective at 8am on Wednesday 22 July 2015. 
 
   For further enquiries please contact: 
 
   Grant Whitehouse 
 
   Company Secretary 
 
   Downing LLP 
 
   Tel: 020 7416 7780 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Downing Planned Exit VCT 7 PLC via Globenewswire 
 
   HUG#1940284
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