Net Asset Value(s)

British Smaller Companies VCT PLC
18 January 2007



BRITISH SMALLER COMPANIES VCT PLC ('the Company')


18 January 2007


3rd Quarter Net Asset Values


The Company is pleased to announce that continued strong performance in respect
of the Investment Portfolio has resulted in the Net Asset Value for the Ordinary
shares increasing 3.2% from 97.0 (after taking account of the 1.5p interim
dividend) to 100.1 pence per share, in the quarter ending 31 December 2006. The
Total Return (Net Asset Value plus cumulative dividends) has increased from 132
to 135.1 pence per share.


The Net Asset Value for the C shares has increased from 101.5 to 107.5 pence per
share in the same period, and the Total Return is 108 pence per share.


These increases have in large part arisen following the part realisation of an
investment in Tekton Limited which has produced a total return of 2.25 times the
original investment within thirteen months.


These results show an increase in Total Return of 7.1 pence per Ordinary share
and 5.5 pence per C share for the nine months to 31 December 2006.



END



                      This information is provided by RNS
            The company news service from the London Stock Exchange