Net Asset Value(s)

British SmallerTechCompaniesVCT2PLC
27 October 2005


BRITISH SMALLER TECHNOLOGY COMPANIES VCT 2 PLC ("the Company")

THIRD QUARTER NET ASSET VALUE

The Company today announces that its net asset value was 80.5p per Ordinary
share as at 30 September 2005 (83.8p per Ordinary share as at 31 December 2005).

--ENDS--



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