Transaction in Own Shares

Baronsmead VCT 2 PLC
30 December 2003



To:              RNS

Date:           30 December 2003

From:           Baronsmead VCT 2 plc



TRANSACTION IN OWN SECURITIES


The Board of Baronsmead VCT 2 plc announces that on 30 December 2003 the Company
purchased for cancellation 30,000 ordinary shares of 10p at a price of 86.25p
per share.


Following this purchase there are now 40,978,018 ordinary shares of 10p in
issue.



For further information please contact:


                  Gary Fraser, ISIS Asset Management plc :  0131 465 1000




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