Issue of Equity

AIM VCT2 PLC
26 May 2004

To:       Company Announcements

Date:     26 May 2004

Company:  AiM VCT2 plc

Subject:  Issue of Equity



Offer for Subscription

The Board of AiM VCT2 plc is pleased to announce that pursuant to an Offer for
Subscription, 223,766 ordinary shares have issued today at a price of 98p.
Trading in these additional shares is expected to commence on 27 May 2004 at
8.00am.

The total number of shares in issue is now 43,188,084.


For further information please contact:

Robert Mitchell, ISIS Asset Management plc:     0207 506 1100

Rhonda Nicoll, ISIS Asset Management plc:       0131 465 1074



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