Issue of Equity - Replace

RNS Number:4350J
British Smaller Tech Cos VCT PLC
31 March 2003

Please be advised of the following amendment to the Issue of Shares announcement
RNS No 2544J released on 27 March 2003. The number of shares issued and allotted 
should have read 2,600 not 3,200. The full corrected text appears below.

British Smaller Technology Companies VCT PLC
31 March 2003

ISSUE OF SHARES

The Company announces that at a Board meeting held on 25 March 2003, the Board
issued and allotted 2,600 ordinary shares of 10p each, representing
approximately 0.02 per cent. of the enlarged issued ordinary share capital of
the Company which now consists of 13,748,422 ordinary shares, in respect of
valid applications received from Warrantholders applying in respect of the 2002/
2003 tax year. The new shares were issued for cash at price of 100p per share.

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


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