Directorate Change

British Smaller Companies VCT PLC
29 February 2008


British Smaller Companies VCT plc ('the Company')

29 February 2008

The Company announces that, with effect from the AGM in August 2008 its
Chairman, Sir Andrew Hugh Smith will retire from the Board.

The Board welcomes Helen Sinclair, who will join the board as non-executive
Director on 1 March 2008 and who, subject to her appointment being confirmed by
the shareholders at the AGM, will succeed Sir Andrew as Chairman immediately
following the AGM.

Starting in investment banking, Helen then spent 8 years at 3i plc focussing on
MBO and growth capital investments. Helen co-founded Matrix Private Equity
raising a successful technology fund, the Matrix Venture Fund VCT plc and a
generalist fund, the Matrix Enterprise Fund. She subsequently became Managing
Director of Matrix Private Equity before moving to take on a portfolio of roles
in 2004.

She is a Non-Executive Director of Hotbed Fund Managers Ltd, The Income & Growth
VCT plc and Matrix Income & Growth 4 VCT plc and is an appointed advisor to the
fund manager of Trapezia Capital Partners II LP and the Creative Capital Fund.

The only further details required to be disclosed pursuant to Listing Rule
9.6.13 are the names of the companies of which Helen Sinclair is a partner and
of which she was a past director in the last five years:

Current Partnerships:
Hotbed Parallel Ventures 2007 LP

Past Directorships:
Matrix Enterprise Fund Nominees Limited
Matrix Group Limited
Matrix Private Equity (Managers) Limited
Matrix Private Equity Limited
MPE Partners Limited
Paul Costelloe Collections Limited
Signature Brands Group Limited

As of today, Helen has no interest in the ordinary shares of the Company.


For further information contact:

Jonathan Becher Landsbanki : 020 7426 9000

David Hall YFM Private Equity Limited: 0161 819 3195



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