Offer for Subscription

British Smaller Companies VCT2 plc

Offer for Subscription

The Board of British Smaller Companies VCT2 plc ("the Company") announces that the allotment of new ordinary shares pursuant to its Offer for Subscription (the "Offer") is now expected to take place on 10 February 2017 and dealings in these shares are expected to commence on or around 17 February 2017.

A copy of the Offer Document was submitted to the National Storage Mechanism, and is now available to the public for viewing online at the following website address:

http://www.morningstar.co.uk/uk/NSM

30 January 2017

For further information please contact:

David Hall YFM Private Equity Limited 0113 244 1000

Jonathan Becher Panmure Gordon (UK) Limited 0207 886 2715