Transaction in Own Shares

Baronsmead VCT 2 PLC
29 June 2004

     
To:   RNS

Date: 29 June 2004

From: Baronsmead VCT 2 plc



TRANSACTION IN OWN SECURITIES

The Board of Baronsmead VCT 2 plc announces that on 29 June 2004 the Company
purchased for cancellation 75,000 ordinary shares of 10p at a price of 90.75p
per share.

Following this purchase there are now 42,288,617 ordinary shares of 10p in
issue.



For further information please contact:

Gary Fraser, ISIS Asset Management plc:                      0131 465 1000




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