Approach

Our generalist approach, diverse portfolio and experienced investment team ensure British Smaller Technology Companies VCT2 offers its shareholders a steady income through maximising Net Asset Value and tax-free dividends.

Operating throughout the UK we have access to a broad range of high quality businesses, of which we may see up to 1500 enquiries a year, but only choose to invest in the exceptional three or four.

Performance

The objective of BSTC VCT2 is to achieve a consistent and, over time, increasing tax free dividend stream. By combining income yielding and capital growth investments to date this objective is being adhered.

Shareholder returns (all figures in pence per Share)

* 9 month period Cumulative cash dividends are adjusted for 2.0 pence per Share interim dividend and 2.0 pence per Share dividend paid on 2 October 2009 and 30 October respectively.

Dividends

Cumulative dividends of 22 pence per share have been paid to shareholders since the launch of the Company. Over the last 4 years an average of 3.8 pence per share has been paid. The dividends paid in 2009 totalled 6 pence per share.

Directors

Richard Last - Chairman
Richard Last is a Fellow of the Institute of Chartered Accountants in England and Wales with substantial experience in the IT software and services sectors, and is Chairman and non-executive Director of Patsystems plc and Arcontech Group plc (both financial software businesses listed on AiM). He is also a non-executive Director of Lighthouse Group plc and of Corero Group plc, both AiM listed, and of British Smaller Companies VCT plc which is listed on the London Stock Exchange. In addition he is also a Director and shareholder of a number of private companies including the IT companies Sphinx CST Limited and APD Communications Limited. He is Non-Executive Chairman of CSE Global
UK Limited, a subsidiary of a Singapore Stock Exchange listed company.

Philip Simon Cammerman
Has over 20 years of industrial experience in engineering and technology orientated industries and has worked in both the USA and the UK. He has spent the last 25 years in the venture capital industry and was Chairman of YFM Private Equity Limited and a Director of YFM Group (Holdings) Limited until he retired in April 2008. He has been responsible for a wide range of venture capital deals in a variety of industries including software, computer maintenance, engineering, printing, safety equipment, design and textiles. He is a non-executive Director of British Smaller Companies VCT plc and Pressure Technologies plc. He has been a Director of the Company since its establishment as a venture capital trust.

Robert Martin Pettigrew
Has more than 20 years experience in the development of emerging businesses and, in particular, the commercial exploitation of new technologies. He co-founded The Generics Group of companies (renamed Sagentia) in 1986, which is one of the country's leading technology consulting and investment groups and was a key member of the team that took the company public in December 2000. He retired from The Generics Group at the end of 2002 to pursue independent investment activities. He is an investor-director on the boards of a number of technology companies, including Sphere Medical Limited, Timberpost Limited, and Acal Energy Limited (of which he is Chairman). He is also a non-executive Director of British Smaller Companies VCT plc.

Reports

Below are a number of links to the Company's communications to shareholders. If there is any information you cannot find or if you have any queries, please contact Investor Services on 0800 854 057

Latest Annual Accounts

• British Smaller Technology Companies VCT 2 plc Annual Report for the year ended 31 December 2009
• British Smaller Technology Companies VCT2 plc Annual Report year ending 31 December 2008
• British Smaller Technology Companies VCT2 Annual report year ending 31 December 2007

Latest Interim Accounts

• British Smaller Technology Companies VCT2 half yearly report to 30 June 2009
• British Smaller Technology Companies VCT2 Half Yearly Report to 30 June 2008

Announcements

Below are a number of links to the Company's communications to shareholders. If there is any information you cannot find or if you have any queries, please contact Investor Services on 0800 854 057.

Latest announcements

• British Smaller Technology Companies VCT2 AGM Results Announcement May 2010
• British Smaller Technology Companies VCT2 Interim Management Statement 31 March 2010
• British Smaller Technology Companies VCT2 Allotment of Shares 30 April 2010
• British Smaller Technology Companies VCT2 Offer Announcement 16 April 2010
• British Smaller Technology Companies VCT2 Document re Annual Report for the year ended 31 December 2009
• British Smaller Technology Companies VCT2 Share Allotment Announcement 5 April 2010
• British Smaller Technology Companies VCT2 Annual Financial Report Announcement to 31 December 2009 (March 2009)
• British Smaller Technology Companies VCT2 Statement re proposed fundraising February 2010
• British Smaller Technology Companies VCT2 Interim management statement to 30 September 2009 (November 2009)
• British Smaller Technology Companies VCT2 plc Announcement in respect of special dividend and share buy-back policy
• British Smaller Technology Companies VCT2 announcement in respect to holdings in DXS
• British Smaller Technology Companies VCT2 Unaudited Interim Results and Interim Management Statement to 30 June 2009 (August 2009)
• British Smaller Technology Companies VCT2 Interim Management Statement to March 2009 (May 2009)
• British Smaller Technology Companies VCT2 AGM announcement
• British Smaller Technology Companies VCT2 Annual Financial Report to 31 December 2008 and dividend
• British Smaller Technology Companies VCT2 Unaudited Preliminary Results to 31 December 2008 (March 2009)
• British Smaller Technology Companies VCT2 Interim Management Statement to 30 September 2008
• British Smaller Technology Companies VCT2 Document re Unaudited Interim Results and Interim Statement to 30 June 2008
• British Smaller Technology Companies VCT2 Unaudited Interim Results and Interim Management Statement to 30 June 2008 (August 2008)
• British Smaller Technology Companies VCT 2 Board announcement July 2008
• British Smaller Technology Companies VCT2 AGM May 2008