British Smaller Companies VCT2 Plc Disposal (2528L)

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RNS Number : 2528L

British Smaller Companies VCT2 Plc

21 December 2018

British Smaller Companies VCT2 plc ("the Company")

Realisation of investments

The Company is pleased to announce that it has realised its investments in GTK (Holdco) Limited, Mangar Health Limited and Gill Marine Holdings Limited generating total proceeds of approximately GBP9.0m. This is an increase of GBP1.7m (equivalent to 1.6 pence per Ordinary share) over the respective valuations at 30 September 2018.

The realisation of GTK (Holdco) Limited delivered a total return of GBP3.9m, achieving a multiple of 3.4x original cost.

The realisation of Mangar Health Limited delivered a total return of GBP4.4m, achieving a multiple of 2.7x original cost.

The realisation of Gill Marine Holdings Limited delivered a total return of GBP3.7m, achieving a multiple of 2.0x original cost.

Following the above realisations, investments made prior to the November 2015 Budget now represent 63 per cent of the value of the remaining unquoted portfolio as at 30 September 2018.

21 December 2018

For further information, please contact:

David Hall YFM Private Equity Limited Tel: 0113 244 1000

Jonathan Becher Panmure Gordon Tel: 0207 886 2715

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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