Transaction in Own Shares

Downing Protected VCT VII plc Transaction in own shares 31 July 2009 Downing Protected VCT VII plc announces that on 31 July 2009 the Company purchased the following shares for cancellation: No. Price paid % of class purchased per share in issue Ordinary Shares of 0.1p each 25,000 78.4p 0.27% A Shares of 0.1p each 23,000 0.1p 0.17% ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.