Transaction in Own Shares

British Smaller Companies VCT plc ("the Company")

Purchase of Own Securities and Total Voting Rights

The Company announces that on 27 September 2017 it purchased 260,000 ordinary shares of 10 pence each at a price of 73.22 pence per share. The shares purchased represent 0.24 per cent of the total number of voting rights in the Company before the transaction. These shares will be held in treasury.

The last reported net asset value as at 30 June 2017 was 76.55 pence per ordinary share.

If these shares had been purchased prior to the quarter ended 30 June 2017, the net asset value per ordinary share of the Company at that date would have been 76.55 pence per ordinary share.

The Company's issued share capital now consists of 109,107,183 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 4,307,999 ordinary shares of 10 pence in treasury.

The above figure of 109,107,183 ordinary shares 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.

28 September 2017

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 244 1000

Jonathan Becher Panmore Gordon (UK) Limited Tel: 0207 886 2715