Transaction in Own Shares

British Smaller Companies VCT2 plc ("the Company")

Purchase of Own Securities and Net Asset Value

The Company announces that on 24 June 2021 it purchased 736,420 ordinary shares of 10 pence each at a price of 53.04 pence per ordinary share including transaction costs. The shares purchased represent 0.52 per cent of the total number of voting rights in the Company before the transaction. These shares will be held in treasury.

The last reported net asset value as at 31 March 2021 was 55.3 pence per ordinary share.

The Company's issued share capital now consists of 140,231,049 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 14,601,235 ordinary shares of 10 pence each in treasury.

The above figure of 140,231,049 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 244 1000

Alex Collins Panmure Gordon (UK) Limited Tel: 0207 886 2767