Transaction in Own Shares

AIM VCT2 PLC
25 October 2004

To:                 RNS

Date:               25 October 2004

Subject:            AiM VCT2 plc


Transaction in Own Securities


The Board of AiM VCT2 plc announces that the Company purchased for cancellation
on 22 October 2004 115,000 ordinary shares of 10p at a price of 79p.


Following this purchase there are now 42,989,908 ordinary shares of 10p in
issue.

For further information please contact:


Robert Mitchell, F&C Asset Management plc:            0207 506 1100

Rhonda Nicoll, F&C Asset Management plc:              0131 465 1000


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