Result of General Meeting

BRITISH SMALLER TECHNOLOGY COMPANIES VCT 2 PLC

GENERAL MEETING

HELD ON 18 OCTOBER 2010

The Directors of British Smaller Technology Companies VCT 2 plc ("the Company") are pleased to announce that at the General Meeting of the Company held on 18 October 2010 both resolutions proposed at the meeting, as set out in the Notice of the Meeting dated 24 September 2010, were duly passed.

Under the first resolution the name of the Company was resolved to be changed to "British Smaller Companies VCT 2 plc".

Pursuant to the second resolution the Company was authorised to make market purchases of its own shares up to a maximum number of 2,673,844 of such shares and at a maximum price of 5% above the average of the middle market quotations for such shares taken from the London Stock Exchange Official List for the five business days immediately preceding the date the shares are contracted to be purchased. The authority granted expires at the next AGM or 15 months following the passing of the resolution whichever is earlier.

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0161 832 7603

Jeff Keating Singer Capital Markets Tel: 0203 205 7500

END