Result of Annual General Meeting

BRITISH SMALLER COMPANIES VCT2 PLC

RESULT OF ANNUAL GENERAL MEETING

British Smaller Companies VCT2 plc (the "Company") announces that at the Annual General Meeting of the Company held on 15 May 2015 all the resolutions proposed at the meeting ("Resolutions") were duly passed.

The full text of the Resolutions was included in the notice of the Annual General Meeting contained within the Company's Annual Report for the year ended 31 December 2014, a copy of which is available on the Company's website which can be found at www.bscfunds.com. Details of the proxy votes lodged in advance of the Annual General Meeting are also available on the Company's website.

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

18 May 2015

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 294 5055

James Maxwell NPlus1 Singer Advisory LLP Tel: 020 7496 3000