Transaction in Own Shares

| Source: Downing TWO VCT plc Downing TWO VCT plc

Downing Protected VCT II plc
Transaction in own shares
29 May 2008
 
Downing Protected VCT II plc announces that on 29 May 2008, the Company purchased 122,115 Ordinary shares of 1p each for cancellation representing 1.20% of the issued share capital at a price of 77p per share.