Transaction in Own Shares

Baronsmead VCT 2 PLC
30 March 2005




To:         RNS
Date:       30 March 2005
From:       Baronsmead VCT 2 plc



TRANSACTION IN OWN SECURITIES

The Board of Baronsmead VCT 2 plc announces that on 29 March 2005 the Company
purchased for cancellation 150,000 ordinary shares of 10p at a price of 101.00p
per share.

Following this purchase there are now 41,453,426 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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