British Smaller Companies VCT2 plc ("the Company")

Purchase of Own Securities and Total Voting Rights

The Company announces that on 24 June 2024 it purchased 2,447,673 ordinary shares of 10 pence each at a price of 55.36 pence per ordinary share including transaction costs. The shares purchased represent 0.86 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 2024 was 59.25 pence per ordinary share. The Company will pay a dividend of 1.5 pence per ordinary share on 28 June 2024 to shareholders on the register as at 31 May 2024. The ex-dividend date was 30 May 2024. Consequently, the adjusted last reported net asset value of the ordinary shares of 10 pence each is 57.75 pence per ordinary share.

The Company's issued share capital now consists of 282,191,473 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 25,150,419 ordinary shares of 10 pence each in treasury.

The above figure of 282,191,473 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:

Dan Perkins                                        YFM Private Equity Limited        Tel:  0113 244 1000

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