Transaction in Own Shares

British Smaller Companies VCT2 plc ("the Company")

Purchase of Own Securities and Total Voting Rights

The Company announces that on 16 December 2024 it purchased 2,197,817 ordinary shares at a price of 53.56 pence per ordinary share including transaction costs. The shares purchased represent 0.78 per cent of the total number of voting rights in the Company before the transaction. These shares will be held in treasury.

The last reported net asset value as at 30 September 2024 was 57.35 pence per ordinary share. The Company paid a dividend of 1.5 pence per ordinary share on 1 November 2024. Consequently, the adjusted last reported net asset value of the ordinary shares is 55.85 pence per ordinary share.

The Company's issued share capital now consists of 281,031,132 ordinary shares with voting rights. In addition, the Company holds 28,770,963 ordinary shares in treasury.

The above figure of 281,031,132 ordinary shares 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 FCA's Disclosure and Transparency Rules.

For further information, please contact:

Marcus Karia                                      YFM Equity Partners                      Tel:  0113 244 1000

Alex Collins                                        Panmure Liberum                           Tel:  0207 886 2767