Resolution of Share Buy Back Scheme

British Smaller Companies VCT2 plc

Result of General Meeting

British Smaller Companies VCT2 plc ("the Company") announces that the special resolution to authorise the Company to make market purchases of its own shares put to the shareholders of the Company ("Resolution") at its general meeting held on 30 August 2011 ("General Meeting") was duly passed.

The full text of the Resolution was included in the notice of general meeting contained within the circular to shareholders dated 27 July 2011, a copy of which is available on the website of the Company's Fund Manager at www.yfmep.com.

Details of the proxy votes lodged in advance of the General Meeting will shortly also be available on the website of the Company's Fund Manager at www.yfmep.com.

In accordance with the Company's obligations under Listing Rule 9.6.2, a copy of the Resolution passed at the General Meeting have been submitted to the National Storage Mechanism and will shortly be available for viewing at www.hemscott.com/nsm.do.

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 294 5039

Jeff Keating Singer Capital Markets Tel: 0203 205 7500