Transaction in Own Shares

Baronsmead VCT 2 PLC
23 August 2005





TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS


FROM:             Baronsmead VCT 2 plc

DATE:             23 August 2005


SUBJECT:          Transaction in Own Shares



The Board of Baronsmead VCT 2 plc announces that on 23 August 2005 the Company
purchased 225,000 ordinary shares of 10p at a price of 101.5p per share.  These
shares will be held in Treasury.


Following this purchase there are now 41,238,015 ordinary shares of 10p in
issue. The Company's total listed shares are 41,463,015 ordinary shares of 10p.


For further information please contact:


Rhonda Nicoll, F&C Asset Management plc:        0131 465 1074






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