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%

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