Transaction in Own Shares

Baronsmead VCT 2 PLC
02 December 2004





To:                RNS

Date:              2 December 2004

From:              Baronsmead VCT 2 plc




TRANSACTION IN OWN SECURITIES



The Board of Baronsmead VCT 2 plc announces that on 2 December 2004 the Company
purchased for cancellation 75,000 ordinary shares of 10p at a price of 91.75p
per share.



Following this purchase there are now 41,883,617 ordinary shares of 10p in
issue.





For further information please contact:

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




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