BRITISH SMALLER COMPANIES VCT PLC

Report Publication Announcement • Dec 6, 2021

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the "Companies")

Offers for Subscription – Supplementary Prospectus

The Companies announce that they have today published a supplementary prospectus (the "Supplementary Prospectus") in respect of the offers for subscription by the Companies of up to £60 million in aggregate (the "Offers"), which has been approved by the Financial Conduct Authority.

The Supplementary Prospectus is required as a result of the publication by the Companies on 18 November 2021 of their unaudited net asset values as at 30 September 2021.

The Companies have issued a prospectus relating to the Offers (the "Prospectus").

The Prospectus and the Supplementary Prospectus are available from the Companies' website:

www.bscfunds.com

and are available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

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