Transaction in Own Shares

Bluehone AIM VCT2 PLC
14 August 2007

To:                RNS

Date:              14 August 2007

Subject:           Bluehone AiM VCT2 plc


Transaction in Own Securities

The Board of Bluehone AiM VCT2 plc announces that the Company purchased for
cancellation on 14 August 2007 23,508 ordinary shares of 10p at a price of
74.0p.

Following this purchase there are now 38,265,340 ordinary shares of 10p in
issue.

The above figure (38,265,340) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, Bluehone AiM VCT2 plc under
the FSA's Disclosure and Transparency Rules.

For further information please contact:

Robert Mitchell, Bluehone Investors LLP:             0207 496 8929
Scott Macrae, F & C Asset Management plc:            0131 718 1000


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