Annual Report and Accounts

British SmallerTechCompaniesVCT2PLC
08 May 2008


                 BRITISH SMALLER TECHNOLOGY COMPANIES VCT2 PLC

                                 ANNUAL REPORT

                               FOR THE YEAR ENDED

                                31 DECEMBER 2007


Further to the announcement of its unaudited preliminary results on 1 April
2008, British Smaller Technology Companies VCT2 plc ("the Company") has
published its annual report for the year ended 31 December 2007 ("the Annual
Report).

Copies of the Annual Report have been forwarded to the FSA for publication
through the document viewing facility in accordance with LR 9.6.1.

Copies of the Annual Report can be obtained from the Company Secretary at the
Company's Registered Office address; Saint Martins House, 210-212 Chapeltown
Road, Leeds LS7 4HZ.


For further information, please contact:

David Hall                YFM Private Equity Limited          Tel: [phone]
Alan Davies               YFM Private Equity Limited          Tel: [phone]
Jonathan Becher           Teather & Greenwood Limited         Tel: [phone]
Michael Bellamy           Teather & Greenwood Limited         Tel: [phone]

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