Issue of Equity

AIM VCT2 PLC
24 September 2004


To:          Company Announcements

Date:        24 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 64,327 ordinary shares have issued today at a price of 9
3p.  Trading in these additional shares is expected to commence on 27 September
2004 at 8.00am.

The total number of shares in issue is now 42,934,533 .



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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