Annual General Meeting

BRITISH SMALLER COMPANIES VCT2 PLC ("the Company")

Annual General Meeting ("AGM")

This announcement is to update shareholders on the arrangements for the Company's AGM, which will be held at 33 St James Square, London, SW1Y 4JS on 16 June 2020 at 12:00 noon.

However, given the current Covid-19 pandemic, the Company and the Board remind all shareholders of the Government's Stay At Home Measures restricting gatherings and requiring strict social distancing. In order to adhere to these rules shareholders will be unable to attend the AGM.

Although shareholders will therefore be unable to vote at the AGM they are strongly encouraged to register their votes by proxy, either by returning the proxy card in the annual financial statements, by voting on-line or by submitting the proxy form contained in the original Notice of AGM, which can be found on the Company's website: www.bscfunds.com. If shareholders would like to vote on-line they should go to www.signalshares.com.

If shareholders have any questions that they would like answering they should be submitted by e-mail to tracey.nice @yfmep.com before the meeting and, where appropriate, a written response will be provided and published on the Company's website.

The Company expects to announce its results for the three months ended 31 March 2020 in the week commencing 22 June 2020. At that time further information on the Company's performance will be published on its website.

The Company intends to hold its annual Investor Workshop later in the year and invitations will be issued to all shareholders once a date is finalised.

28 May 2020

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