Directorate Change,Doc re Annual Report & Accounts

BRITISH SMALLER COMPANIES VCT PLC ("the Company")

APPOINTMENT OF NEW DIRECTOR AND ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2010

Appointment of new director

The Board is pleased to announce the appointment of Mr Edward Buchan as a director of the Company. Mr Buchan, who is also a Director of Downing Absolute Income VCT 1 plc, takes up his appointment with effect from 22 September 2010.

Annual report and accounts for the year ended 31 March 2010

Further to the Annual Report Announcement on 24 June 2010 the Company has published its Annual Report and Accounts for the year ended 31 March 2010 ("Annual Report and Accounts").

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

The Annual Report and Accounts are also available at www.yfmprivateequity.co.uk.

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0161 832 7603

Jeff Keating Singer Capital Markets Tel: 0203 205 7500