Director/PDMR Shareholding

Baronsmead VCT 2 PLC

Director/PDMR Shareholding

Annex DTR3

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

This form is intended for use by an issuer to make a RIS notification required
by DR3.1.4R(1)

1.   An issuer making a notification in respect of a transaction relating to   
     the shares or debentures of the issuer should complete boxes 1 to 16, 23  
     and 24.                                                                   
                                                                               
2.   An issuer making a notification in respect of a derivative relating the   
     shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23   
     and 24.                                                                   
                                                                               
3.   An issuer making a notification in respect of options granted to a        
     director/person discharging managerial responsibilities should complete   
     boxes 1 to 3 and 17 to 24.                                                
                                                                               
4.   An issuer making a notification in respect of a financial instrument      
     relating to the shares of the issuer (other than a debenture) should      
     complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.                

Please complete all relevant boxes should be in block capital letters.

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)                                                           
                                                                               
      TRANSACTION RELATES TO (i)                                               
                                                                               
3.    Name of person discharging managerial responsibilities/director          
                                                                               
      GILLIAN NOTT                                                             
                                                                               
4.    State whether notification related to a person connected with a person   
      discharging managerial responsibilities/director named in 3 and identify 
      the connected person                                                     
                                                                               
      ROBERT NOTT                                                              
                                                                               
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.                                                                
                                                                               
      NOTIFICATION IN RESPECT OF PERSONS REFERRED TO IN 3 and 4 ABOVE.         
                                                                               
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                                              
                                                                               
      GILLIAN NOTT 66,977                                                      
                                                                               
      ROBERT NOTT 4,628                                                        
                                                                               
      TOTAL HOLDING 71,605 ORDINARY SHARES                                     
                                                                               
8.    State the nature of the transaction                                      
                                                                               
      SHARE PURCHASE AS PART OF THE OFFER FOR SUBSCRIPTION                     
                                                                               
9.    Number of Shares, debentures or financial instruments relating to shares 
      acquired                                                                 
                                                                               
      GILLIAN NOTT 14,450                                                      
                                                                               
      ROBERT NOTT 4,816                                                        
                                                                               
      TOTAL ACQUIRED 19,266 ORDINARY SHARES                                    
                                                                               
10.   Percentage of issued class acquired (treasury shares of that class should
      not be taken into account when calculating percentage)                   
                                                                               
      0.02%                                                                    
                                                                               
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                                 
                                                                               
      103.8p                                                                   
                                                                               
14.   Date and place of Transaction                                            
                                                                               
      14 March 2014                                                            
                                                                               
15.   Total holding following notification and total percentage holding        
      following notification (any treasury shares should not be taken in       
      account when calculating percentage)                                     
                                                                               
      GILLIAN NOTT 81,427                                                      
                                                                               
      ROBERT NOTT 9,444                                                        
                                                                               
      TOTAL 90,871 SHARES = 0.11%                                              
                                                                               
16.   Date issuer informed of transmission                                     
                                                                               
      19 March 2014                                                            
                                                                               
      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: 20 March 2014