Director/PDMR Shareholding

Baronsmead VCT 2 PLC

Director/PDMR Shareholding

Annex DTR3

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons

1.    Name of Issuer                                                         
                                                                             
      BARONSMEAD VCT 2 PLC                                                    
                                                                             
2.    State whether the notification related to                              
                                                                             
       i. a transaction notified in accordance with DR 3.1.4R(1); or         
                                                                             
      ii. a disclosure made in accordance with LR 9.8.6r; or                 
                                                                             
      iii. a disclosure made in accordance with section 793 of the Companies 
          Act (2006)                                                         
                                                                             
3.    Name of person discharging managerial responsibilities/director        
                                                                             
      MS CHRISTINA MCCOMB                                                     
                                                                             
4.    State whether notification related to a person connected with a person 
      discharging managerial responsibilities/director name in 3 and identify
      the connected person                                                   
                                                                             
      N/A                                                                    
                                                                             
5.    Indicate whether the notification is in respect of a holding of the    
      person referred to in 3 or 4 above or in respect of a non-beneficial   
      interest.                                                              
                                                                             
      N/A                                                                    
                                                                             
6.    Description of shares (including class) , debentures or derivatives or 
      financial instruments relating to shares                               
                                                                             
      ORDINARY SHARES 10P                                                    
                                                                             
7.    Name of registered shareholder(s), and if more than one, the number of 
      shares held by each of them                                            
                                                                             
      MS CHRISTINA MCCOMB                                                     
                                                                             
8.    State the nature of the transaction                                    
                                                                             
      On 20th February 2012 MS CHRISTINA MCCOMB purchased 20,315 Ordinary shares 
      as part of the Baronsmead VCT 2 Plc Offer for Subscription              
                                                                             
9.    Number of Shares, debentures or financial instruments relating to      
      shares acquired                                                        
                                                                             
      20,315 Ordinary shares                                                  
                                                                             
10.   Percentage or issued class acquired (treasury shares of that class     
      should not be taken into account when calculating percentage)          
                                                                             
      0.028%                                                                 
                                                                             
11.   Number of shares, debentures or financial instruments relating to      
      shares disposed                                                        
                                                                             
      N/A                                                                    
                                                                             
12.   Percentage of issued class disposed (treasury shares should not be     
      taken into account when calculating percentage)                        
                                                                             
      N/A                                                                    
                                                                             
13.   Price per shares or value of transaction                               
                                                                             
      101.40p per share                                                       
                                                                             
14.   Date and place of Transaction                                          
                                                                             
      20th February 2012                                                      
                                                                             
15.   Total holding following notification and total percentage holding      
      following notification (any treasury shares should not be taken in     
      account when calculating percentage)                                   
                                                                             
      MS CHRISTINA MCCOMB 20,315 = 0.028% VOTING RIGHTS                         
                                                                             
16.   Date issuer informed of transmission                                   
                                                                             
      27th February 2012                                                      
                                                                             
      If the person discharging managerial responsibility has been granted   
      options by the issuer complete the following boxes                     
                                                                             
17.   Date of Grant                                                          
                                                                             
      N/A                                                                    
                                                                             
18.   Period during which or date on which it can be exercised               
                                                                             
      N/A                                                                    
                                                                             
19.   Total amount paid (if any) for grant of the option                     
                                                                             
      N/A                                                                    
                                                                             
20.   Description of shares or debentures involved (class and number)        
                                                                             
      N/A                                                                    
                                                                             
21.   Exercise price (if fixed at time of grant) or indication that price is 
      to be fixed at time of exercise                                        
                                                                             
      N/A                                                                    
                                                                             
22.   Total number of shares or debentures over which options are held       
      following notification                                                 
                                                                             
      N/A                                                                    
                                                                             
23.   Any additional information                                             
                                                                             
      N/A                                                                    
                                                                             
24.   Name of contact and telephone number for queries                       
                                                                             
      Michael Probin, VCT Investor Relations ISIS EP LLP TEL: [phone]     

Date of Notification: 27th February 2012