Holding in Sarian Systems Ltd

British SmallerTechCompaniesVCT2PLC
29 April 2008



         British Smaller Technology Companies VCT 2 plc ("the Company")


            Announcement in respect of holding in Sarian Systems Ltd


The Company held 2,202 shares in Sarian Systems Ltd representing approximately
17.3% of that company's fully diluted issued share capital. Yesterday Digi
International Inc, a Company quoted on Nasdaq, announced the acquisition of
Sarian Systems in a cash transaction for approximately $30.5m.


This transaction has resulted in a cash receipt of approximately £2.6m for the
Company compared to a carrying value of £1.3m which was incorporated within the
net asset value of British Smaller Technology Companies VCT 2 plc at 31 December
2007. Consequently the effect of this transaction had it been incorporated into
the accounts at 31 December 2007 would have been to have increased the Company's
net asset value per share from 79.0 pence per share to 86.7 pence per share, an
increase of 9.7%.


The impact on the total return, calculated by reference to the net asset value
per share and cumulative dividends paid, would have been to have increased the
total return at 31 December 2007 from 89.5 pence per share to 97.2 pence per
share.


In conformity with the Transparency Directive's transitional provision 6, the
Company notifies the market of the following:


The Company's issued share capital consists of 16,641,257 Ordinary Shares with
voting rights. Therefore, the total number of voting rights is 16,641,257.


The above figure 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 FSA's
Disclosure and Transparency Rules.


29 April 2008


End



For further details, please contact:


David Hall, YFM Private Equity               Tel: [phone]

Johnathan Becher, Landsbanki Limited         Tel: [phone]

Michael Bellamy, Landsbanki Limited          Tel: [phone]




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