BRITISH SMALLER COMPANIES VCT PLC

Transaction in Own Shares • Mar 26, 2021

British Smaller Companies VCT plc ("the Company")

Purchase of Own Securities and Net Asset Value

The Company announces that on 25 March 2021 it purchased 1,774,683 ordinary shares of 10 pence each at a price of 70.42 pence per ordinary share including transaction costs. The shares purchased represent 1.20 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 31 December 2020 was 73.6 pence per ordinary share.

The Company's issued share capital now consists of 145,624,667 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 15,686,181 ordinary shares of 10 pence each in treasury.

The above figure of 145,624,667 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