Transaction in Own Shares

Baronsmead VCT 2 PLC
10 March 2004



To:       RNS

Date:     10 March 2004

From:     Baronsmead VCT 2 plc



TRANSACTION IN OWN SECURITIES


The Board of Baronsmead VCT 2 plc announces that on 10 March 2004 the Company
purchased for cancellation 30,000 ordinary shares of 10p at a price of 91.25p
per share.


Following this purchase there are now 40,833,018 ordinary shares of 10p in
issue.


For further information please contact:


Gary Fraser, ISIS Asset Management plc :  0131 465 1000

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