Director Shareholding

Baronsmead VCT 2 PLC
01 July 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
Baronsmead VCT 2 plc

2. Name of director
Clive Parritt

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
As 2 and Spouse

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
As 2 and Spouse

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
As 2 and Spouse

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary




7. Number of shares / amount of stock acquired
15,401

8. Percentage of issued class
0.04

9. Number of shares/amount of stock disposed




10. Percentage of issued class




11. Class of security
Ordinary

12. Price per share
107p

13. Date of transaction
29/06/04

14. Date company informed
01/07/04

15. Total holding following this notification
43,053

16. Total percentage holding of issued class following this notification
0.1

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant




18. Period during which or date on which exercisable




19. Total amount paid (if any) for grant of the option




20. Description of shares or debentures involved: class, number




21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise




22. Total number of shares or debentures over which options held following this
notification




23. Any additional information




24. Name of contact and telephone number for queries
Andrew Nicholson 0131 465 1071

25. Name and signature of authorised company official responsible for making
this notification
Gary Fraser, Company Secretary

Date of Notification
01/07/2004

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