AGM Statement

British SmallerTechCompaniesVCT2PLC
31 May 2005


BRITISH SMALLER TECHNOLOGY COMPANIES VCT 2 PLC ("the Company")

ANNUAL GENERAL MEETING

The Company announces that the Annual General Meeting was held on 27 May 2005
and all the resolutions proposed were passed. The final dividend for the year of
5 pence per share will be paid to eligible shareholders on 3 June 2005.

Commenting on progress in the new financial year, the Chairman, Sir Andrew Hugh
Smith, said, "The Board is confident that, in the long term, the investment
portfolio will perform well. The recent deterioration in business confidence
caused by poor economic performance in the major European economies and the slow
down in the UK retail and housing market is expected to have some effect on
short term performance, particularly on realisation opportunities through IPOs
or trade sales."

--END--




                      This information is provided by RNS
            The company news service from the London Stock Exchange