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


Ordinary Shares - Blocklisting



3. Period of return:


From      17 December 2005                           To     23 March 2006



4. Balance under scheme from previous return:


303,433 Ordinary Shares



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:


303,433 Ordinary Shares



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


-



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


2,000,000 Ordinary Shares



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


41,041,427 Ordinary Shares Issued

42,011,427 Ordinary Shares Listed




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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