British Smaller Companies VCT2 plc ("the "Company")

23 March 2023

Publication of Circular

The Company has issued a circular dated 23 March 2023 (the "Circular") relating to the ratification and adoption of allotments of shares, the approval of a deed of release and amendments to the Company's articles of association, following approval from the Financial Conduct Authority.

A copy of the Circular has been submitted to the Financial Conduct Authority and will shortly be available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The Circular is available from the Company's website at:

www.bscfunds.com

For further information, please contact:

David Hall                             YFM Private Equity Limited                          Tel: 0113 244 1000

Alex Collins                           Panmure Gordon (UK) Limited                    Tel: 0207 886 2767