British Smaller Companies VCT plc (the "Company")

Payment of Dividend and Allotment of Shares

The Company announces that on 17 July 2026 it paid an interim dividend for the year ending 31 March 2027 of 2.00 pence per ordinary share to shareholders on the register of members of the Company as at the record date of 19 June 2026 (the "Interim Dividend").

The Company further announces that on 17 July 2026 it issued and allotted 1,597,553 ordinary shares of 0.01 pence each pursuant to its dividend re-investment scheme ("DRIS") at a price of 74.90 pence per ordinary share to shareholders of the Company who elected to receive ordinary shares instead of the Interim Dividend. The subscription price of 74.90 pence per ordinary share was determined in accordance with the terms and conditions of the DRIS on the basis of the net asset value of 76.90 pence per ordinary share as at 31 March 2026 (adjusted for the Interim Dividend of 2.00 pence per ordinary share paid today).  As a result, c.14 per cent of the Interim Dividend paid by the Company was re-invested in ordinary shares in the Company via the DRIS.

In this allotment the employees and members of the Manager, YFM Private Equity Limited, have been allotted 9,098 ordinary shares of 0.01 pence each in the Company, bringing their aggregate total holding to 1,306,928 ordinary shares.

Application is now being made for the ordinary shares which were issued and allotted as set out above to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities, and dealings are expected to commence on or around 31 July 2026.

Following such issue and allotment the Company's issued share capital consists of 417,593,344 ordinary shares of 0.01 pence each with voting rights ("Voting Capital") and 42,580,195 ordinary shares of 0.01 pence each held in treasury.

The above statement of Voting Capital 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.

For further information please contact:

Marcus Karia                         YFM Equity Partners                                            Tel:  0113 244 1000

Alex Collins                           Panmure Liberum                                                Tel:  0207 886 2767