Purchase of Own Securities

AIM VCT2 PLC
17 October 2003


TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS

AVS NO:
DATE:        17 October 2003
SUBJECT:     AiM VCT2 plc


REPURCHASE OF SHARES

The Board of AiM VCT2 plc announces that the Company purchased for cancellation
today 35,000 ordinary shares of 10p at a price of 72.5p.

Following this purchase there are now 41,479,121 ordinary shares of 10p in
issue.


For further information please contact:
                                        
          Robert Mitchell, ISIS Asset Management plc:     0207 506 1100
          Rhonda Nicoll, ISIS Asset Management plc:       0131 465 1000



                      This information is provided by RNS
            The company news service from the London Stock Exchange