Allotment of shares and TVR

British Smaller Companies VCT PLC
07 April 2008




                BRITISH SMALLER COMPANIES VCT PLC ('the Company')
                                        
                        ALLOTMENT OF ORDINARY SHARES and 
                              TOTAL VOTING RIGHTS


The Directors of British Smaller Companies VCT plc announce the allotment of
4,816,396 Ordinary Shares of 10 pence each in association with the Offer for
Subscription for the tax year 2007/2008 at a price of £1.0625 per share on 5
April 2008 and the additional allotment of 225,350 Ordinary shares of 10p each
at £1.0625 pursuant to the Directors' general authority to allot. Trading in
these shares is expected to commence 15 April 2008.

The subscription list for the Offer for Subscription in respect of the tax year
2008/2009 remains open until 11.00 am on 30 April 2008.

Following the above allotments the Company's issued share capital consists of
30,713,107 Ordinary Shares with voting rights. In addition, the Company holds
752,802 shares in Treasury.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the FSA's
Disclosure and Transparency Rules.

7 April 2008





For further information contact:

David Hall        YFM Private Equity Limited     0161 832 7603 or 0113 294 5000
Jonathan Becher   Landsbanki Limited             0207 426 3269




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