Net Asset Value(s)

British SmallerTechCompaniesVCT2PLC
24 May 2007


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


First Quarter Net Asset Value


24 May 2007


The Company today announces that its net asset value was 80.4 pence per Ordinary
share as at 31 March 2007 (83.7 pence per Ordinary share as at 31 December
2006). The total return (Net Asset Value plus cumulative dividends) at 31 March
2007 was 87.4 pence per share.



END



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