Completion of New Investment

British Smaller Companies VCT plc ("the Company")

Completion of a new investment

The Company announces that it has recently completed an investment of £2.01 million to support the management buy-out of Business Collaborator Limited.

This brings the aggregate portfolio investment during the first eight months of the current financial year into both new and existing companies to £15.72 million.

For further information please contact:

David Hall YFM Private Equity Limited Tel: 0113 244 1000

Gillian Martin Nplus 1 Singer Advisory LLP Tel: 020 7496 3000