AGM Statement (6707G)

TIDMBSC

RNS Number : 6707G

British Smaller Companies VCT2 Plc

16 May 2011

British Smaller Companies VCT2 plc

Result of Annual General Meeting

British Smaller Companies VCT2 plc ("the Company") announces that at the Annual General Meeting of the Company held on 16 May 2011 all the resolutions proposed at the meeting ("Resolutions") were duly passed.

With regard to Resolution (8) (authority for the Company to purchase its own shares) as set out in the notice of the Annual General Meeting dated 31 March 2011, although a majority of shareholders voting, including those voting by proxy, had indicated their support for the proposal, a significant minority were opposed. With this in mind the Directors withdrew the resolution prior to the meeting and intend to consult with shareholders in the coming months with a view to obtaining the necessary authority to re-introduce the share buyback policy. A further announcement will be made, as appropriate, in due course.

The full text of the Resolutions was included in the notice of the Annual General Meeting contained within the Company's Annual Report for the year ended 31 December 2010, a copy of which is available on the website of the Company's Fund Manager at www.yfmep.co.uk. Details of the proxy votes lodged in advance of the Annual General Meeting will also shortly be available on the Fund Manager's website.

In accordance with the Company's obligations under Listing Rule 9.6.2, a copy of the special resolution passed at the Annual General Meeting is being submitted to the National Storage Mechanism and will shortly be available for viewing at www.hemscott.com/nsm.do.

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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