Withdrawal of Buy Back Policy

British SmallerTechCompaniesVCT2PLC
23 May 2006


British Smaller Technology Companies VCT 2 plc ("the Company")


Withdrawal of Share Buy Back Policy


The directors are of the opinion that the interests of the Company's
shareholders as a whole would be best served by concentrating the Company's cash
resources and management efforts on supporting the expansion plans of key
businesses in the Company's existing investment portfolio and selectively making
new investments in new business opportunities that have proven market acceptance
and provide potential for significant growth.


Accordingly, in order to implement this, the Company today announces that it is
withdrawing its share buy back policy for an indefinite period. The directors
may consider the reinstatement of a similar policy at some future date.



23 May 2006




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