Issue of Equity

British SmallerTechCompaniesVCT2PLC
30 May 2002



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



30 May 2002



Issue of Shares



The Company announces that at a Board meeting held on 28 May 2002, the Board
issued and allotted 196,600 ordinary shares of 10p each (with warrants attached
on a 1:5 basis), representing approximately 2.53 per cent. of the enlarged
issued ordinary share capital of the Company which now consists of 7,779,393
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 5 June 2002.



ENDS



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