Publication of Prospectus re: joint offer

British Smaller Companies VCT plc ("the Company")

Publication of Prospectus and Circular re: joint offers

On 14 January 2014, the Company and British Smaller Companies VCT2 plc issued a prospectus (which is comprised of a securities note, a registration document and a summary document) and circulars relating to joint offers for subscription to raise up to £30 million in aggregate ("the Offers").

 The Offers opened on 14 January 2014. The Offers in relation to the 2013/2014 tax year will close at 11:00 am on Saturday 5 April 2014 and the Offers in relation to the 2014/2015 tax year will close at 11:00 am on Wednesday 30 April 2014 (or such later date to which the Directors extend the 2014/2015 Offers) or earlier should the Offers become fully subscribed.

Copies of these documents have been submitted to the National Storage Mechanism and will be available to the public for viewing online at the following web-site address:

http://www.hemscott.com/nsm.do. They will also be available for viewing on the Fund Manager's website http://www.yfmep.com.

For further information please contact:

David Hall YFM Private Equity Limited Tel: 0113 294 5039

Matthew Thomas Nplus1 Singer Advisory LLP Tel: 0207 496 3000