Result of EGM

British SmallerTechCompaniesVCT2PLC
19 November 2002

British Smaller Technology Companies VCT 2 PLC



19 November 2002



At an Extraordinary General Meeting of British Smaller Technology Companies VCT2
PLC held in London on 14 November, resolutions to approve the cancellation of
the Company's share premium account for the purpose of facilitating the buying
back of the Company's shares, the extension of the Company's authority to
purchase its own shares  and certain consequential changes to the Company's
Articles of Association were approved.



Chairman Sir Andrew Hugh Smith commented:-



"The Board's objective, as always, is to serve shareholders' needs.  Given the
illiquid nature of the secondary market in VCTs we believe that this proposal
will give those shareholders needing to realise their investment the opportunity
to do so.  These proposals are expected to be in place early next year".



In line with its new policy of making quarterly announcements of net asset value
per share, the net asset value per share (unaudited) of British Smaller
Technology Companies VCT 2 PLC as at 30 September 2002 was 92.7p.




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