Director Shareholding

Baronsmead VCT 2 PLC
22 December 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)

Clive Parritt - 39,430

Deborah Parritt - 4,576

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

Dividend Reinvestment

7. Number of shares / amount of stock acquired

953

8. Percentage of issued class

0.002

9. Number of shares/amount of stock disposed

n/a

10. Percentage of issued class

n/a

11. Class of security

Ordinary

12. Price per share

103.95p

13. Date of transaction

17/12/04

14. Date company informed

21/12/04

15. Total holding following this notification

44,006

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

n/a

18. Period during which or date on which exercisable

n/a

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

n/a

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

n/a

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

n/a

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

n/a

23. Any additional information

n/a

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

Robert Coulter, for F&C Asset Management plc, Company Secretary

Date of Notification

22/12/2004

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