Br.smaller Cos. Regulatory News (BSV)

British Smaller Companies VCT plc

Allotment of Shares

Further to the RNS announcement of 9 May 2013 at 14.58 hrs relating to an allotment by British Smaller Companies VCT plc (the "Company") of 26,109 new ordinary shares of 10 pence each at a price of 95.75 pence per ordinary share, this allotment was in respect of an application from one investor under the Company's joint offer for subscription with British Smaller Companies VCT2 plc, that opened on 16 November 2012 (the "Offer"), that was received by the Company after the close of the Offer on 30 April 2013, the allotment therefore being outside of the Offer.

15 May 2013

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 294 5055

Matthew Thomas Nplus1 Singer Advisory LLP Tel: 0203 7496 3000