Downing THREE VCT plc
11 February 2014
Result of General Meeting
At the General Meeting ("GM") of Downing THREE VCT plc, held on Tuesday 11 February 2014, all resolutions were passed.
Details of the proxy votes in respect of the GM resolutions which were received by 2:15 pm on 7 February 2014, being 48 hours before the time of the meeting (excluding weekends), at Downing LLP are set out below:
| FOR | DISCRET- IONARY | TOTAL FOR | AGAINST | WITHHELD | |||
| Res 1 | 1,750,000 | 36,251 | 1,786,251 | 94.8% | 98,607 | 5.2% | 1,091 |
| Res 2 | 1,750,000 | 36,251 | 1,786,251 | 94.8% | 98,607 | 5.2% | 1,091 |
| Res 3 | 1,640,905 | 36,251 | 1,677,156 | 90.5% | 175,152 | 9.5% | 33,641 |
| Res 4 | 1,751,091 | 36,251 | 1,787,342 | 94.8% | 98,607 | 5.2% | - |
| Res 5 | 1,751,091 | 36,251 | 1,787,342 | 94.8% | 98,607 | 5.2% | - |
| Res 6 | 1,739,700 | 36,251 | 1,775,951 | 94.2% | 108,907 | 5.8% | 1,091 |
| Res 7 | 1,750,000 | 36,251 | 1,786,251 | 94.8% | 98,607 | 5.2% | 1,091 |
A copy of all the resolutions passed will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.