C Share Issue

Baronsmead VCT 2 PLC
15 November 2004


TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS


FROM:         Baronsmead VCT 2 plc


AVS NO:


DATE:         15 November 2004

SUBJECT:      Offer for Subscription



C Share Issue

The Board of Baronsmead VCT 2 plc is pleased to announce that applications have
been received in respect of 2,179,849 C shares at 100p per C share which have
been issued on 15 November 2004.  Trading in these C shares is expected to
commence on 16 November 2004 at 8.00am.

This brings the total number of C shares in issue to 9,845,603.


David Thorp, ISIS Equity Partners plc:                    0207 506 1100
Robert Coulter, F&C Asset Management plc:                 0131 465 1000


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