Issue of Equity

British Smaller Companies VCT PLC
01 May 2008


BRITISH SMALLER COMPANIES VCT PLC ('the Company')

ALLOTMENT OF ORDINARY SHARES and TOTAL VOTING RIGHTS

The Directors of British Smaller Companies VCT plc announce the allotment of
180,224 Ordinary Shares of 10 pence each in association with the Offer for
Subscription for the tax year 2008/2009 at a price of £1.0625 per share on 30
April 2008 and the additional allotment of 157,269 Ordinary shares of 10p each
at £1.0625 pursuant to the Directors' general authority to allot. Trading in
these shares is expected to commence 8 May 2008.

Following the above allotments the Company's issued share capital consists of
31,050,600 Ordinary Shares with voting rights. In addition, the Company holds
752,802 shares 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 FSA's
Disclosure and Transparency Rules.

1 May 2008


For further information contact:


David Hall YFM Private Equity Limited            0161 832 7603 or 0113 294 5000

Jonathan Becher Landsbanki Limited               0207 426 3269





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