Dividend Declaration

Baronsmead VCT 2 PLC
11 March 2003

To: RNS

From: Baronsmead VCT2 plc

Date: 11 March 2003

Subject: Interim Dividends


The Board of Baronsmead VCT2 is pleased to declare an interim distribution of 6p
per share payable to shareholders on 28 March 2003 to shareholders on the
register on 21 March 2003.


This distribution comprises:


  • 1.1 pence per share second interim dividend for the period from 1 April
    2002 to 28 February 2003; and

  • 4.9 pence per share from the distribution of capital profits arising from
    the sale of Tricom to BSS Group plc on 10 March 2003.


Following the declaration, the net asset value based on the unquoted valuations
at 31 December 2002 is now 89.33p per share.




For further information please contact:


                        David Thorp, ISIS Equity Partners plc: 0207 506 1609

                        Gary Fraser, ISIS Asset Management plc:0131 465 1016



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