Director/PDMR Shareholding

Baronsmead VCT 2 PLC

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons

1.    Name of Issuer                                                         
                                                                             
      BARONSMEAD VCT 2 PLC                                                   
                                                                             
2.    State whether the notification related to                              
                                                                             
       i. a transaction notified in accordance with DTR 3.1.2R; or           
                                                                             
      ii. a disclosure made in accordance with LR 9.8.6R(1); or              
                                                                             
      iii. a disclosure made in accordance with section 793 of the Companies 
          Act (2006)                                                         
                                                                             
      TRANSACTION RELATES TO (i)                                              
                                                                             
3.    Name of person discharging managerial responsibilities/director        
                                                                             
      CLIVE PARRITT                                                          
                                                                             
4.    State whether notification related to a person connected with a person 
      discharging managerial responsibilities/director name in 3 and identify
      the connected person                                                   
                                                                             
      DEBORAH PARRITT                                                        
                                                                             
5.    Indicate whether the notification is in respect of a holding of the    
      person referred to in 3 or 4 above or in respect of a non-beneficial   
      interest.                                                              
                                                                             
      NOTIFICATION IN RESPECT OF PERSONS REFERRED TO IN 3 & 4ABOVE.            
                                                                             
6.    Description of shares (including class) , debentures or derivatives or 
      financial instruments relating to shares                               
                                                                             
      ORDINARY SHARES 10P                                                    
                                                                             
7.    Name of registered shareholder(s), and if more than one, the number of 
      shares held by each of them                                            
                                                                             
      CLIVE PARRITT 77,307                                                    
                                                                             
      DEBORAH PARRITT 8,009                                                  
                                                                             
      TOTAL HOLDING 85,316 ORDINARY SHARES                                    
                                                                             
8.    State the nature of the transaction                                    
                                                                             
      DIVIDEND REINVESTMENT PLAN                                             
                                                                             
9.    Number of Shares, debentures or financial instruments relating to      
      shares acquired                                                        
                                                                             
      CLIVE PARRITT 2,187                                                    
                                                                             
      DEBORAH PARRITT 226                                                    
                                                                             
      TOTAL DRIP = 2,413                                                     
                                                                             
10.   Percentage or issued class acquired (treasury shares of that class     
      should not be taken into account when calculating percentage)          
                                                                             
      0.00334%                                                               
                                                                             
11.   Number of shares, debentures or financial instruments relating to      
      shares disposed                                                        
                                                                             
      N/A                                                                    
                                                                             
12.   Percentage of issued class disposed (treasury shares should not be     
      taken into account when calculating percentage)                        
                                                                             
      N/A                                                                    
                                                                             
13.   Price per shares or value of transaction                               
                                                                             
      87.5p                                                                  
                                                                             
14.   Date and place of Transaction                                          
                                                                             
      15 JUNE 2012                                                           
                                                                             
15.   Total holding following notification and total percentage holding      
      following notification (any treasury shares should not be taken in     
      account when calculating percentage)                                   
                                                                             
      CLIVE PARRITT 87,729 = 0.12156%                                         
                                                                             
16.   Date issuer informed of transmission                                   
                                                                             
      22 JUNE 2012                                                           
                                                                             
      If the person discharging managerial responsibility has been granted   
      options by the issuer complete the following boxes                     
                                                                             
17.   Date of Grant                                                          
                                                                             
      N/A                                                                    
                                                                             
18.   Period during which or date on which it can be exercised               
                                                                             
      N/A                                                                    
                                                                             
19.   Total amount paid (if any) for grant of the option                     
                                                                             
      N/A                                                                    
                                                                             
20.   Description of shares or debentures involved (class and number)        
                                                                             
      N/A                                                                    
                                                                             
21.   Exercise price (if fixed at time of grant) or indication that price is 
      to be fixed at time of exercise                                        
                                                                             
      N/A                                                                    
                                                                             
22.   Total number of shares or debentures over which options are held       
      following notification                                                 
                                                                             
      N/A                                                                    
                                                                             
23.   Any additional information                                             
                                                                             
      AS A CONNECTED PERSON, THE HOLDING OF 8,235 ORDINARY SHARES HELD BY     
      DEBORAH PARRITT HAS BEEN DISCLOSED WITHIN THIS NOTIFICATION UNDER POINT 
      7.                                                                     
                                                                             
24.   Name of contact and telephone number for queries                       
                                                                             
      MICHAEL PROBIN, VCT INVESTOR RELATIONS, ISIS EP LLP TEL: [phone]     

DATE OF NOTIFICATION: 22 JUNE 2012