RNS Number:8199Y
British Smaller Tech Cos VCT PLC
18 May 2004

BRITISH SMALLER TECHNOLOGY COMPANIES VCT PLC

18 MAY 2004

ISSUE OF EQUITY

The Company announces that at a Board meeting held on 14 May 2004, the Board
issued and allotted 1,800 ordinary shares of 10p each, in respect of valid
applications received from Warrantholders applying in respect of the 2004/2005
tax year. The new shares were issued for cash at price of 100p per share.

The issued share capital of the Company is now 13,758,222 ordinary shares.

Application will be made for admission of the new ordinary shares to trading on
the London Stock Exchange as soon as practicable.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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