Dividend Declaration

British Smaller Companies VCT plc ("the Company")

Interim Dividend

The directors are pleased to announce the payment of an interim dividend for the year ending 31 March 2019 of 4.0 pence per ordinary share ("Interim Dividend").

Dividends paid in the year to 31 March 2018 totalled 5.75 pence per share. The directors will not be proposing a final dividend.

The interim dividend will be paid on 18 May 2018 to those shareholders on the Company's register at the close of business on 20 April 2018. The ex-dividend date will be 19 April 2018.

The Company operates a dividend re-investment scheme ("DRIS"). The latest date for receipt of DRIS elections so as to participate in the DRIS in respect of the Interim Dividend is the close of business on 4 May 2018.

12 April 2018

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 244 1000

Jonathan Becher Panmure Gordon Tel: 0207 886 2715