Transaction in Own Shares

AIM VCT2 PLC
03 March 2004

To:          RNS

Date:        3 March 2004

Subject:     AiM VCT2 plc





Transaction in Own Shares

The Board of AiM VCT2 plc announces that the Company purchased for cancellation
today 50,000 ordinary shares of 10p at a price of 85p.

Following this purchase there are now 41,566,369 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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