Issue of Equity

AIM VCT2 PLC
17 September 2004

To:                 Company Announcements

Date:               17 September 2004

Company:            AiM VCT2 plc

Subject:            Issue of Equity

AVS No:


Offer for Subscription

The Board of AiM VCT2 plc is pleased to announce that pursuant to an Offer for
Subscription, a further 158,707 ordinary shares have issued today at a price of
9 5p.  Trading in these additional shares is expected to commence on 20
September 2004 at 8.00am.

The total number of shares in issue is now 42,920,206 .


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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