Interim Mgt Statement - Replacement

Downing Protected VCT I plc Interim Management Statement for the three months ended 30 September 2007 - Replacement The announcement released by the Company entitled "Interim Manangement Statement" at 10:15 today as HUG1169287 incorrectely stated Cumlative Dividend and Total Return at 30 September 2007. The values should have been 44.65p and 157.05p respectively and not 48.15p and 160.55p as stated in the announcement. The full corrected text of the announcemnet is as follows: In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Downing Protected VCT I plc presents an Interim Management Statement for the three month period ended 30 September 2007. The statement also includes relevant financial information between the end of the period and the date of this statement. Dividends paid or declared in the period On 25 September 2007, the Company declared a final dividend of 3.5p per Ordinary share to be paid (subject to Shareholder approval) on 7 December 2007 to shareholders on the register at 26 October 2007. Performance 30 September 30 June 31 December 30 June 2007 2007 2006 2006 Pence Pence Pence Pence Net Asset Value 112.40 111.70 108.18 108.30 ("NAV") Cumulative Dividends 44.65 44.65 43.15 41.15 Total Return * 157.05 156.35 151.33 149.45 * (NAV plus cumulative dividends paid since launch) Investment portfolio summary at 30 September 2007 Portfolio investments by value Movement Cost Valuation in period £'000 £'000 £'000 Venture capital investments (by value) Downing (Meadows) Limited 580 1,005 - Bowman Care Homes Limited 1,000 1,000 - Gatewales Limited 1,000 1,000 - Heyford Homes VCT Limited 1,000 1,000 - Kings Gap Limited 1,000 1,000 - Downing (Pirbright Road) Limited 700 900 - Kimbolton Lodge Limited 605 900 - Downing Office Villages Contractor Limited 850 850 - Honeycombe Pubs VCT Limited 475 475 - Congress House Limited 375 375 - Heyford Homes (Thornton Hall) Limited 195 372 - Sanguine Hospitality Limited 6 6 - Dovestone (The Gables) Limited 50 - - Total 7,836 8,883 - Investment additions during the 3 months ended 30 September 2007 Cost £'000 Kings Gap Limited 1,000 Congress House Limited 25 1,025 Investment disposals during the 3 months ended 30 September 2007 Market value at Gain/(loss) Total 1 July Disposal against realised Cost 2007 proceeds cost gain/(loss) £'000 £'000 £'000 £'000 £'000 Cadbury House Hotel and Country Club Limited 1,000 1,000 1,000 - - 1,000 1,000 1,000 - - Changes to share capital Ordinary Shares of 50p each Shares £'000 As at 30 June 2007 8,425,683 4,213 Shares bought back and cancelled - - As at 30 September 2007 8,425,683 4,213 On 18 October 2007 the Company purchased 53,000 ordinary shares for cancellation representing 0.63% of the issued share capital at a price of 100.5p per share. On 9 November 2007 the Company purchased 35,000 ordinary shares for cancellation representing 0.42% of the issued share capital at a price of 97.0p per share. Material events Other than described above, there were no material events during the period from 1 July 2007 to 30 September 2007 or in the period from 1 October 2007 to the date of this announcement. ---END OF MESSAGE---