Blocklisting Interim Review

Baronsmead VCT 2 PLC
23 March 2006


                        BLOCKLISTING SIX MONTHLY RETURN


Information provided on this form must be typed or printed electronically.



To:   The FSA



Date: 23 March 2006



1. Name of applicant:


Baronsmead VCT2 plc



2. Name of scheme


C Shares - Block Listing



3. Period of return:


From      17 December 2005                           To     23 March 2006



4. Balance under scheme from previous return:


847,933



5. The amount by which the block scheme has been increased, if the scheme has
been increased since the date of the last return


-



6. Number of securities issued/allotted under scheme during period:


95,583



7 Balance under scheme not yet issued/allotted at end of period


752,350



8. Number and class of securities originally listed and the date of admission


1,000,000 C Shares  6 July 2005



9. Total number of securities in issue at the end of the period


22,247,650




Name of contact                Rhonda Nicoll


Address of contact             80 George Street, Edinburgh  EH2  3BU


Telephone number of contact    0131 465 1000



Signed by .........................................

Director/company secretary/suitably experienced employee/duly authorised
officer, for and on behalf of



Name of applicant .........................................



If you knowingly or recklessly give false or misleading information you may be
liable to prosecution.




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