Offer for Subscription

AIM VCT2 PLC
22 November 2004


To:                   Company Announcements


Date:                 22 November 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 132,482 ordinary shares have been issued today at a
price of 97p.  Trading in these additional shares is expected to commence on 23
November 2004 at 8.00am.


The total number of shares in issue is now 43,352,643.

For further information please contact:



Robert Mitchell, F&C Asset Management plc:          0207 506 1100

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


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