Transaction in Own Shares

British Smaller Companies VCT2 plc ("the Company")

Purchase of Own Securities and Total Voting Rights

The Company announces that on 23 June 2015 it purchased 114,136 ordinary shares of 10 pence each at a price of 55.87 pence per share. These shares will be held in treasury.

If these shares had been purchased prior to the quarter ended 31 March 2015 and on the assumption that there were no other alterations, the unaudited net asset value per ordinary share of the Company at that date would have been unaltered at 64.3 pence per ordinary share.

The Company's issued share capital now consists of 86,681,566 ordinary shares of 10 pence each with voting rights. In addition, the Company now holds 2,128,003 ordinary shares of 10 pence each in treasury.

The above figure 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 FCA's Disclosure and Transparency Rules.

23 June 2015

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 244 1000

James Maxwell Nplus1 Singer Advisory LLP Tel: 0207 496 3000