Offer Update

Baronsmead VCT 2 plc                              

                                (the "Company")                                

   Offer for Subscription to raise up to the sterling equivalent €2.5million   

                   by way of an issue of New Ordinary Shares                   

                                 (the "Offer")                                 

                         Offer Update - Close of Offer                         

The Board of the Company is pleased to announce that applications in respect of
the Offer have been received for sterling equivalent €2.5million. As the Offer
is fully subscribed it is now closed.

The shares will be allotted by Monday 20 December 2010 with respect to
successful applications. Any questions relating to the administration of
subscriptions to the Offer should be directed to:

Malcolm Haw or Claudia Lloyd at The City Partnership (UK) Limited. Tel: 0131
2437210



Michael Probin, ISIS EP LLP 0207 506 5796