Transaction in Own Shares

Baronsmead VCT 2 PLC
19 November 2004


To:                 RNS

Date:               19 November 2004

From:               Baronsmead VCT 2 plc


TRANSACTION IN OWN SECURITIES

The Board of Baronsmead VCT 2 plc announces that on 19 November 2004 the Company
purchased for cancellation 100,000 ordinary shares of 10p at a price of 92.75p
per share.

Following this purchase there are now 42,033,617 ordinary shares of 10p in
issue.

For further information please contact:

Robert Coulter, F&C Asset Management plc :                  0131 465 1000




                      This information is provided by RNS
            The company news service from the London Stock Exchange