Sale of holding in Cozart plc

British Smaller Companies VCT PLC
05 September 2007


British Smaller Companies VCT plc ('the Company')

Announcement in respect of holding in Cozart plc


The Company holds 3,895,419 shares in Cozart plc representing approximately 3.5%
of that company's issued share capital. Earlier today Cozart plc announced the
recommendation of a cash offer from Concateno plc at the price of 57.5 pence per
share.

This price per share represents a premium of 13.5 pence per share over the bid
price at 30 June that was incorporated within the net asset value of the Company
which was announced on 9 August 2007. Consequently should this recommended offer
have become unconditional on 30 June the effect would have been to have
increased the Company's net asset value per share from 98.4 pence per share at
30 June 2007 to 100.4 pence per share, an increase of 2.0%.



End


For further details, please contact:

David Hall, YFM Private Equity Tel: [phone]
Johnathan Becher, Landesbanki Limited Tel: [phone]
Michael Bellamy, Landesbanki Limited Tel: [phone]




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