Dividend Declaration

Baronsmead VCT 2 PLC
04 May 2005

To:            RNS

Date:          4 May 2005

Company:       Baronsmead VCT 2 plc

Subject:       Interim Dividend



The Board of Baronsmead VCT 2 plc is pleased to declare a first interim capital
dividend for the year ended 31 March 2006 of 5.0p per Ordinary Share to be paid
on 6 June 2005 to Ordinary Shareholders on the register on 13 May 2005.

Since launch in April 1998, dividends totalling 36.2p have been paid to Ordinary
Shareholders.

This dividend has been declared following the realisation of Fat Face which was
announced on 29 April 2005.  The sale of Fat Face has resulted in a valuation
uplift of £2.3 million from the previous unquoted valuation as at 31 December
2004.  This uplift represents 5.5p per Ordinary Share.



The results and proposed final dividends for the Ordinary and C Shares for the
year ended 31 March 2005 will be announced in mid May 2005, for approval at the
Annual General Meeting which is expected to be held in the second half of June
2005.



For further information contact:

David Thorp, ISIS Equity Partners plc:              0207 506 1609

Robert Coulter, F&C Asset Management plc:           0131 465 1016




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