Director/PDMR Shareholding

DOWNING PROTECTED VCT VII PLC 19 NOVEMBER 2007 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS 1. Name of the issuer DOWNING PROTECTED VCT VII PLC 2. State whether the notification relates to: (i) a transaction notified in accordance with DR3.1.2 R ; or (ii) LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act 2006. NOTIFICATION IN RESPECT OF (i) ONLY 3. Name of person discharging managerial responsibilities/director NICHOLAS LEWIS (DIRECTOR) 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest BENEFICIAL INTEREST OF NICHOLAS LEWIS 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares A SHARES OF 0.1P EACH 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them NICHOLAS LEWIS 8. State the nature of the transaction DISPOSAL OF SHARES 9. Number of shares, debentures or financial instruments relating to shares acquired NIL 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) NIL 11. Number of shares, debentures or financial instruments relating to shares disposed 136,477 A SHARES OF 0.1P EACH 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 1.0% 13. Price per share or value of transaction 0.1p 14. Date and place of transaction 19 NOVEMBER 2007, LONDON 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 2,160,893 A SHARES (15.83%) 16. Date issuer informed of transaction 19 NOVEMBER 2007 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17. Date of grant N/A 18. Period during which or date on which it can be exercised N/A 19. Total amount paid (if any) for grant of the option N/A 20. Description of shares or debentures involved (class and number) N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise N/A 22. Total number of shares or debentures over which options held following notification N/A 23. Any additional information N/A 24. Name of contact and telephone number for queries GRANT WHITEHOUSE (COMPANY SECRETARY) TEL: 020 7630 4333 ---END OF MESSAGE---