Result of EGM

British SmallerTechCompaniesVCT2PLC
09 December 2005


                                  ANNOUNCEMENT

                 BRITISH SMALLER TECHNOLOGY COMPANIES VCT 2 PLC
                           ("BSTC2" / the "Company")

                             FOR IMMEDIATE RELEASE

This announcement is made in connection with a scheme for the reconstruction of
British Smaller Technology Companies VCT plc ("BSTC") and the acquisition of
that company's assets and liabilities ("the Scheme") by the Company, details of
which were published on 31 October 2005.

The board of directors of BSTC today announced that all the resolutions proposed
at an extraordinary general meeting of that company held on Thursday 8 December
2005 were duly passed. Accordingly, by way of implementation of the Scheme, the
assets and liabilities of BSTC will today be transferred to the Company and the
Company will issue the consideration shares.

The total number of consideration shares to the issued to BSTC shareholders is
expected to be 9,588,347, equal to 0.6866 shares for each BSTC share. It is
anticipated that share certificates in respect of the consideration shares in
the Company will be despatched, or the relevant CREST accounts credited, on 14
December 2005.

Application has been made for all the consideration shares to be admitted to the
Official List and to trading on the main market of the London Stock Exchange. It
is expected that admission will become effective and that trading will commence
on 14 December 2005.



Enquiries

BSTC: Jim Gervasio, 0113 399 3571

BSTC2: Jim Gervasio, 0113 399 3571

YFM Private Equity Limited: Peter Hindle, 0113 294 5050


ENDS






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