Br.small Co.2 Regulatory News (BSC)

20 September 2023

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

Publication of a Prospectus

The Companies are pleased to announce that they have today launched a new share offer in the 2023/24 tax year to raise, in aggregate, up to £65 million, with an over-allotment facility of up to a further £25 million, in aggregate, by way of prospectus offers of new ordinary shares for subscription (the "Offers").

The Companies have issued a prospectus relating to the Offers (the "Prospectus"). The proceeds will be allocated between the Companies in accordance with the terms set out in the Prospectus.

The Offers open on 20 September 2023. Application Forms will be available and processed from 27 September 2023 and the deadline for the receipt of Applications and cleared funds is 28 March 2024, or earlier if the Offers become fully subscribed.

Pursuant to the Offers, YFM Private Equity Limited, the Companies' Manager, will receive a fee of 3.0 per cent of the total amount remitted to the Companies under the Offers, including any adviser charges to be facilitated by the Companies ("Application Amounts") or 3.5 per cent of the Application Amounts for applications received from applicants who have not invested their money through a financial intermediary/adviser and have invested directly into the Companies. This constitutes a related party transaction under Listing Rule 11.1.10R.

The Prospectus is available from the Companies' website:

www.bscfunds.com

and will shortly be available for inspection at the National Storage Mechanism, which is located at:

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

A hard copy of the Application Form and related notes will be posted to shareholders of the Companies. Applicants will be able to apply online at www.bscfunds.com.

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