Issue of Equity

British Smaller Companies VCT PLC
01 August 2007


               BRITISH SMALLER COMPANIES VCT PLC ('The Company')

                                 1 August 2007

                          ALLOTMENT OF ORDINARY SHARES


The Directors of British Smaller Companies VCT plc announce the allotment of
14,974 Ordinary shares of 10 pence each for nil consideration. The shares have
been allotted by way of adjustment to correct certain individual allotments made
on 5 April 2007.


For further information contact:


D I Hall                  YFM Private Equity Limited             0161 832 7603






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