British Smaller Companies VCT2 plc ("the Company")

Purchase of Own Securities and Total Voting Rights

The Company announces that on 25 March 2024 it purchased 1,318,978 ordinary shares of 10 pence each at a price of 56.84 pence per ordinary share including transaction costs. The shares purchased represent 0.53 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 December 2023 was 59.3 pence per ordinary share.

The Company's issued share capital now consists of 246,973,059 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 22,702,746 ordinary shares of 10 pence each in treasury.

The above figure of 246,973,059 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