TIDMDP3C 
 
   Downing THREE VCT plc 
 
   29 April 2014 
 
   Offer for Subscription Extension 
 
   The Board of Downing THREE VCT plc is pleased to announce the extension 
of the Offer for Subscription in respect of H Shares that launched on 18 
December 2013.  The Offer had previously been scheduled to close on 30 
April 2014 but has now been extended to 3 p.m. on 30 June 2014 (unless 
previously fully subscribed or further extended). 
 
   The Board has also taken the decision to delay the allotment of shares 
in respect of applications for the 2014/15 tax year pending 
clarification from HMRC of changes to the VCT regulations that were 
announced in the Budget in connection with dividends. HMRC has indicated 
that it will make some amendments to the draft Finance Bill which should 
provide comfort that any allotment of shares after 6 April 2014 will not 
have any impact on the proposed H Share dividend policy. 
 
   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 3 plc via Globenewswire 
 
   HUG#1780998
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