Joint Offers - Supplementary Propsectus

British Smaller Companies VCT plc ("the Company")

Joint Offers for Subscription - Supplementary Prospectus

The Company announces that it has today published a supplementary prospectus with British Smaller Companies VCT2 ("BSC2") plc in respect of the joint offers for subscription of up to, in aggregate, £30 million (the "Supplementary Prospectus").

The Supplementary Prospectus is required as a consequence of BSC2 having published on 28 March 2014 its annual report and accounts for the year ended 31 December 2013.

The Supplementary Prospectus has been approved by the UK Listing Authority and will shortly be available to view at the online viewing facility of the National Storage Mechanism at the following website address: http://www.morningstar.co.uk/uk/NSM.

A copy of the Prospectus and Supplementary Prospectus is available, free of charge, from the registered office of the Company at:

St Martins House

210-212 Chapeltown Road

Leeds

LS7 4HZ

or from the website of the Company at www.bscfunds.com .

or from the Company's Sponsors, Howard Kennedy Corporate Services LLP, from its offices which are situated at:

19 Cavendish Square

London W1A 2AW.

For further information please contact:

David Hall YFM Private Equity Limited Tel: 0113 294 5039

Matthew Thomas Nplus1 Singer Advisory LLP Tel: 0207 496 3000