Issue of Equity

British SmallerTechCompaniesVCT2PLC
06 August 2002

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

6 August  2002

Further re: Issue of Shares


The Company announces that at a Board meeting held on 1 August 2002, the Board
issued and allotted 25,000 ordinary shares of 10p each (with warrants attached
on a 1:5 basis), representing approximately 0.32 per cent. of the enlarged
issued ordinary share capital of the Company which now consists of 7,822,693
ordinary shares.  The new shares were issued for cash at a price of 100p per
share.

Application will be made for admission of the new ordinary shares and new
warrants to trading on the London Stock Exchange as set out in the prospectus
dated 23 November 2001 and the supplementary listing particulars dated 25 March
2002, with dealings expected to commence on Wednesday 7 August 2002.


ENDS


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