Issue of Equity

Downing Absolute Income VCT 2 plc 18 January 2010 Issue of Equity The Directors of Downing Absolute Income VCT 2 plc are pleased to announce an allotment on 18 January 2010 of 1,686,897 Ordinary shares of 0.1p each ("Ordinary Shares") payable at 99.9p per share and 1,686,897 A shares of 0.1p each ("A Shares") payable at 0.1p per share pursuant to the Offers for Subscription that opened on 10 December 2009. Application for the Ordinary Shares and A Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made at the earliest practical opportunity. The Offers for Subscription are expected to remain open until 5 April 2010 in respect of the 2009/2010 tax year and 30 April 2010 in respect of the 2010/2011 tax year unless previously extended or fully subscribed earlier. [HUG#1374539]