Transaction in Own Shares

British Smaller Companies VCT plc ("the Company")

Purchase of Own Securities and Total Voting Rights

The Company announces that on 6 July 2016 it purchased 217,570 ordinary shares of 10 pence each at a price of 90.03 pence per share. These shares will be held in treasury.

If these shares had been purchased prior to the quarter ended 31 March 2016, the net asset value per ordinary share of the Company at that date would have been 100.0 pence per ordinary share.

The Company's issued share capital following the buy back consists of 95,422,336 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 3,922,999 ordinary shares of 10 pence in treasury.

The above figure of 95,422,336 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.

7 July 2016

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 244 1000

Gillian Maxwell Nplus1 Singer Advisory LLP Tel: 0207 496 3000