Transaction in Own Shares

AIM VCT2 PLC
23 April 2004

To:          RNS

Date:        23 April 2004

Subject:     AiM VCT2 plc


Transaction in Own Securities

The Board of AiM VCT2 plc announces that the Company purchased for cancellation
today 129,000 ordinary shares of 10p at a price of 83p.

Following this purchase there are now 43,114,318 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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