Repurchase of Shares

AIM VCT2 PLC
07 April 2003

TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS

AVS NO:

DATE:           7 April 2003

SUBJECT:     AiM VCT2 plc



REPURCHASE OF SHARES

The Board of AiM VCT2 plc announces that the Company purchased for cancellation
today 9,000 ordinary shares of 10p at a price of 68p.

Following this purchase there are now 41,360,434 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



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