BRITISH SMALLER COMPANIES VCT PLC

Net Asset Value • Dec 15, 2020

British Smaller Companies VCT plc ("the Company")

Purchase of Own Securities and Net Asset Value

The Company announces that on 14 December 2020 it purchased 1,091,681 ordinary shares of 10 pence each at a price of 65.39 pence per ordinary share including transaction costs. The shares purchased represent 0.78 per cent of the total number of voting rights in the Company before the transaction. These shares will be held in treasury.

The last reported net asset value as at 30 September 2020 was 70.3 pence per ordinary share. The Company paid a dividend of 2.0 pence per ordinary share on 5 October 2020 to shareholders on the register at 21 August 2020. Consequently the net asset value of the ordinary shares of 10 pence each at 14 December 2020 is 68.3 pence per ordinary share.

The Company's issued share capital now consists of 138,108,258 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 13,911,498 ordinary shares of 10 pence each in treasury.

The above figure of 138,108,258 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

David Hall	YFM Private Equity Limited	Tel: 0113 244 1000
Alex Collins	Panmure Gordon (UK) Limited Tel: 0207 886 2767