AGM Statement

British SmallerTechCompaniesVCT2PLC
12 July 2006


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


ANNUAL GENERAL MEETING


The Company announces that the Annual General Meeting was held on 10 July 2006
and all the resolutions proposed were duly passed.


Commenting on trading since 31 March 2006 when the Company announced a small
increase in the net asset value since its year end, the Chairman, Sir Andrew
Hugh Smith, said that there continued to be early stage corporate interest in a
number of investments within the portfolio, but it was still too early to say if
this would lead to realisations. The overall development of the portfolio
remains satisfactory.


--END--




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