BRITISH SMALLER COMPANIES VCT PLC

AGM Information • Jan 8, 2019

BRITISH SMALLER COMPANIES VCT PLC (THE "COMPANY)

(Company number 03134749)

At a general meeting of the Company held on 7 January 2019 at 11.00 am the following resolution was passed as an ordinary resolution:

Ordinary Resolution

To approve the proposed variation to the Incentive Agreement dated 7 July 2009 (as subsequently varied) between the Company and YFM Private Equity Limited, on the terms set out in the Circular.

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Chairman