RNS Number:2544J
British Smaller Tech Cos VCT PLC
27 March 2003


British Smaller Technology Companies VCT PLC
27 March 2003


ISSUE OF SHARES

The Company announces that at a Board meeting held on 25 March 2003, the Board
issued and allotted 3,200 ordinary shares of 10p each, representing
approximately 0.02 per cent. of the enlarged issued ordinary share capital of
the Company which now consists of 13,749,022 ordinary shares, in respect of
valid applications received from Warrantholders applying in respect of the 2002/
2003 tax year. The new shares were issued for cash at price of 100p per share.

Application will be made for admission of the new shares to trading on the
London Stock Exchange as soon as possible.


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