C Share Issue

Baronsmead VCT 2 PLC
24 December 2004

TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS



FROM:                        Baronsmead VCT 2 plc


AVS NO:


DATE:                        24 December 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 2,040,919 C shares at 100p per C share which have
been issued on 24 December 2004.  Trading in these C shares is expected to
commence on 29 December 2004 at 8.00am.



This brings the total number of C shares in issue to 17,053,013.



David Thorp, ISIS Equity Partners plc:              0207 506 1100

Robert Coulter, F&C Asset Management plc:           0131 465 1000


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