Result of General Meeting

11 December 2012

Baronsmead VCT 2 PLC

RESULT OF GENERAL MEETING

Following the General Meeting held today, Baronsmead VCT 2 plc ("the Company")
announces that both resolutions proposed in connection with the offer for
subscription of ordinary shares in the Company and the amendment of the
Company's investment policy were duly passed on a show of hands, as follows:

Resolution 1, a special resolution, to authorise the directors to exercise the
power to allot ordinary shares pursuant to section 551 of the Companies Act
2006 (the "Act"), as if section 561(1) of the Act did not apply to such
allotment, in connection with the offer for subscription of ordinary shares.

Resolution 2, an ordinary resolution, to revise the investment policy of the
Company in the terms set out in the Company's shareholder circular of 20
November 2012.

The proxy voting on the resolutions is set out below.

Resolution 1

                                  Withheld     For          Against     Discretion

No. of shares voted               54,707       8,857,431    248,810     328,067

No. of shares voted as % of
shares voted                                   93.89        2.64        3.47

No. of shares voted as % of
voting share capital                           12.48        0.35        0.46

Resolution 2

                                  Withheld     For          Against     Discretion

No. of shares voted               183,716      8,732,182    116,328     456,789

No. of shares voted as % of
shares voted                                   93.84        1.25        4.91

No. of shares voted as % of 
voting share capital                           12.30        0.16        0.64

The offer for subscription of ordinary shares pursuant to the Company's
prospectus dated 20 November 2012 is now open. The first allotment of ordinary
shares is expected to take place on 21 December 2012.

A copy of the resolutions passed will be submitted to the National Storage
Mechanism and will shortly be available for inspection at http://
www.morningstar.co.uk/uk/NSM

For further information please contact:
Michael Probin ISIS EP LLP T: 020 7506 5796