British Smaller VCT : BSC Purchase of Own Securities

British Smaller Companies VCT plc ("the Company")

Purchase of Own Securities and Total Voting Rights

The Company announces that on 19 December 2018 it purchased 521,135 ordinary shares of 10 pence each at a price of 75.17 pence per share. The shares purchased represent 0.48 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 2018 was 78.6 pence per ordinary share.

The Company's issued share capital now consists of 107,831,751 ordinary shares of 10 pence each with voting rights. In addition, the Company holds 7,335,178 ordinary shares of 10 pence each in treasury.

The above figure of 107,831,751 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:

David Hall

YFM Private Equity LimitedTel: [phone]

Jonathan Becher

Panmore Gordon (UK) Limited Tel: [phone]