Issue of Equity (0131G)

TIDMBSC

RNS Number : 0131G

British Smaller Companies VCT2 Plc

05 May 2011

British Smaller Companies VCT2 plc

Allotment of Shares

British Smaller Companies VCT2 plc (the "Company") announces that on 4 May 2011 it allotted 690,699 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 70.25 pence per Ordinary Share in respect of valid subscriptions received for the tax year 2011/2012 pursuant to the joint offers for subscription made by the Company and British Smaller Companies VCT plc ("BSC") of up to 12,811,388 Ordinary Shares in the Company and of up to 8,780,488 Ordinary Shares in BSC ("Offers for Subscription").

In total the Company raised net proceeds of GBP4.02 million under the Offers for Subscription, which are now closed.

Application is now being made for the Ordinary Shares which were allotted on 4 May 2011 to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities, and dealings are expected to commence on or around 11 May 2011.

Following the allotment of the Ordinary Shares on 4 May 2011 the Company's issued share capital consists of 23,355,516 Ordinary Shares with voting rights ("Voting Capital") and 757,380 shares held in Treasury.

The above statement of Voting Capital 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 FSA's Disclosure and Transparency Rules.

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 294 5039

Jeff Keating Singer Capital Markets Tel: 0203 205 7500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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