British Smaller Companies VCT plc ("the Company")

PDMR Dealing and Purchase of Own Securities

The Company announces that on 25 September 2023 it purchased 1,065,966 ordinary shares of 10 pence each at a price of 78.12 pence per ordinary share including transaction costs. The shares purchased represent 0.44 per cent of the total number of voting rights in the Company before the transaction. These shares will be held in treasury.

The last reported net asset value as at 30 June 2023 was 83.7 pence per ordinary share. The Company paid an interim dividend of 2.0 pence per ordinary share on 28 July 2023 to shareholders on the register as at 30 June 2023. Consequently, the adjusted last reported net asset value of the ordinary shares of 10 pence each is 81.7 pence per ordinary share.

The Company's issued share capital now consists of 240,991,484 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 23,525,696 ordinary shares of 10 pence each in treasury.

The above figure of 240,991,484 ordinary shares 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 FCA's Disclosure and Transparency Rules.

The Company also announces that it has received notice that on 25 September 2023 persons of close association to Rupert Cook, the Chair of the Company, sold 26,126 ordinary shares of 10 pence each at a price of 77.62 pence per ordinary share. Following this transaction, persons of close association to Rupert Cook no longer hold any ordinary shares in the Company. Rupert Cook's shareholding remains at 196,540 ordinary shares of 10p each.

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

Transactions by persons discharging managerial responsibilities and persons closely associated with them