Net Asset Value(s)

Baronsmead VCT 2 PLC
20 November 2006

To:         RNS


Date:       20 November 2006


Company:    Baronsmead VCT 2 plc


Subject:    Net Asset Value of Ordinary Shares and C Shares at 31 October 2006



The Board of Baronsmead VCT 2 plc announces that the net asset value of the
Ordinary Shares at 31 October 2006 was 116.02p per share, based on the quoted
investments being valued at bid and before providing for an interim dividend of
5.0p per share payable on 20 December 2006.

The Board of Baronsmead VCT 2 plc announces that the net asset value of the C
Shares at 31 October 2006 was 108.71p per share, based on the quoted investments
being valued at bid and before providing for an interim dividend of 1.6p per
share payable on 20 December 2006.


For further information contact:


David Thorp, ISIS EP LLP:                            0207 506 1609
Rhonda Nicoll, F&C Asset Management plc:             0131 718 1074




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