Offers for Subscription - Supplementary Prospectus

British Smaller Companies VCT2 plc ("the Company")

Offers for Subscription - Supplementary Prospectus

The Company announces that it has today published a supplementary prospectus with British Smaller Companies VCT plc in respect of the Offers for Subscription of up to £40 million in aggregate (the "Supplementary Prospectus").

The Supplementary Prospectus is required as a consequence of British Smaller Companies VCT2 plc having published on 27 March 2015 its annual report and accounts for the year ended 31 December 2014.

The Supplementary Prospectus has been approved by the UK Listing Authority and may be viewed on the National Storage Mechanism at the following website address: http://www.morningstar.co.uk/uk/nsm.

A copy of the prospectus dated 20 October 2014 and Supplementary Prospectus is available, free of charge, from the registered office of the Company at:

5th Floor Valiant Building

14 South Parade

Leeds

LS1 5QS

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:

No.1 London Bridge

London

SE1 9BG

For further information, please contact:

David Hall YFM Equity Partners Limited Tel: 0113 244 1000

Emily Watts Nplus1 Singer Advisory LLP Tel: 020 7496 3000