British Smaller Companies VCT plc- Net Asset Value

NAV as of 31 December 2007 - 100.74

Today's NAV - 104.58 *

*This is an indicative figure of today's NAV indication compared to the total as of 31 December 2007

This figure excludes the impact of any payment under the performance incentives scheme which is next recalculated on 30th April 2008.