Dividend Declaration

BARONSMEAD VCT 2 PLC                              

                             Dividend Declaration                              

The Board of Baronsmead VCT 2 plc announces that following the recent
profitable sale of investments, the Directors have declared an increased second
dividend of 4.5 pence per share to be paid as an interim dividend in lieu of a final
dividend, for the year to 30 September 2011. This dividend will be paid on 29
September 2011 to shareholders on the register as of 16 September 2011.

For further information contact:

Michael Probin VCT Investor Relations ISIS EP LLP: 020 7506 5796

8 September 2011