TIDMBSV TIDMBSC

RNS Number : 5685N

British Smaller Companies VCT PLC

01 October 2012

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together "the Companies")

Statement re: proposed joint fundraising

The Companies today announce that they are planning to raise up to GBP15 million in aggregate in order to increase their investment capacity taking advantage of the increased investment limits that now apply to venture capital trusts. It is intended British Smaller Companies VCT plc will raise up to GBP10 million and British Smaller Companies VCT2 plc will raise up to GBP5 million.

The full terms of the offer will be set out in a detailed prospectus to be approved by the UK Listing authority. The offer will be subject to the approval of the shareholders of British Smaller Companies VCT plc and British Smaller Companies VCT2 plc who will receive a circular explaining the details of the offer in due course.

For further information please contact:

   David Hall                    YFM Private Equity Limited                 Tel:  0161 832 7603 
   Matthew Thomas        Singer Capital Markets Limited           Tel:  0203 205 7500 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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