Br.smaller Cos. Regulatory News (BSV)

BRITISH SMALLER COMPANIES VCT PLC

ALLOTMENT OF SHARES

British Smaller Companies VCT plc ("the Company") announces that on 28 September 2010 it allotted 166,512 Ordinary shares of 10 pence each ("Ordinary Shares") to shareholders of the Company at a price of 85.64 pence per share pursuant to its dividend reinvestment scheme ("the Scheme"). The number of shares allotted was calculated by reference to the net assets of the Company as at 31 March 2010 less total dividends declared being the special dividend of 1.25 pence per share (in respect of which the Scheme was dis-applied) and the final dividend of 3.0 pence per share.

Following such allotment the Company's issued share capital consists of 32,687,004 Ordinary shares with voting rights ("Voting Capital") and 1,642,837 shares held in Treasury.

The above statement of Voting Capital 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 FSA's Disclosure and Transparency Rules.

28 September 2010

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0161 832 7603

Jeff Keating Singer Capital Markets Tel: 0203 205 7500