Offer for Subscription

British Smaller Companies VCT PLC
04 January 2008




                                        
                British Smaller Companies VCT plc ('the Company')
                                        
                                        
                            Offers for Subscription


4 January 2008


British Smaller Companies VCT plc announces that it has published a Prospectus
to raise up to £5.313m through offers for subscription (the 'Offers').

The Offers opened on 4 January 2008 and are expected to close on 4 April 2008 in
relation to the offer for subscription in respect of the 2007/2008 tax year and
on 30 April 2008 in relation to the offer for subscription in respect of the
2008/2009 tax year (or such earlier date on which the Offers are fully
subscribed and save that the Directors can extend the date of the 2008/2009
offer at their absolute discretion). The Offers are for up to, in aggregate,
5,000,000 ordinary shares of 10 pence each, to be issued at a price of 106.25p
each, subject to a price adjustment in the event that the net asset value of the
Company's ordinary shares at the end of the month preceding any allotment is
more than 5% above or 5% below the current published net asset value of 102.7p.

To obtain a copy of the Prospectus private investors and Financial Advisers
should call the investment adviser, YFM Private Equity, on 0800 854057.

A copy of the Prospectus is also available, free of charge, from the Company's
registered office or from:

YFM Private Equity Limited                  Howard Kennedy Solicitors
210-212 Chapeltown Road                     19 Cavendish Square
Leeds LS7 4HZ                               London W1A 2AW

The Prospectus has been submitted to the UKLA, and will shortly be available for
inspection at the UKLA's Document Viewing Facility, which is situated at:

Financial Services Authority
The North Colonnade
Canary Wharf
London E14 5NS


For further information please contact:

David Hall      YFM Private Equity Limited       0800 854057




                      This information is provided by RNS
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