Issue of Equity

Baronsmead VCT 2 PLC
18 December 2007

To:            RNS

Date:          18 December 2007

Company:       Baronsmead VCT 2 plc

Subject:       Issue of Equity





BARONSMEAD VCT 2 PLC ORDINARY SHARES



OFFER FOR SUBSCRIPTION FOR THE STERLING EQUIVALENT OF €2.5M



On 9 November 2007 the Company issued an Offer for Subscription of ordinary
shares to raise up to the sterling equivalent of €2.5m.  The Board of Baronsmead
VCT 2 plc is pleased to announce that applications totalling £2,529,903 were
received from existing shareholders by the time the Offer closed on 17 December
2007.  As the offer was oversubscribed, these applications have been scaled back
to 69.59%.



Pursuant to the Offer for subscription, a further 1,539,377 ordinary shares of
10 pence per share have been allotted and issued today at an offer price of 116
pence per ordinary share.  Trading in these additional shares is expected to
commence on 19 December at 8.00am.



The Company's issued ordinary share capital consists of 65,036,015 with voting
rights, of which 2,520,000 are held in Treasury.  Therefore the total number of
ordinary shares with voting rights in Baronsmead VCT 2 plc is 62,516,015.



This figure (62,516,015) may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or change to their interest in, Baronsmead VCT 2 plc under the
FSA's Disclosure and Transparency Rules.



For further information please contact:



Michael Probin,     ISIS EP LLP:                     0207 506 5796

Rhonda Nicoll,      F&C Asset Management plc:        0131 718 1010














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