Net Asset Value(s)

Baronsmead VCT 2 PLC
09 September 2005

To:          RNS

Date:        9 September 2005

Company:     Baronsmead VCT 2 plc

Subject:     Net Asset Value of Ordinary Shares and C Shares at 31 August 2005


The Board of Baronsmead VCT 2 plc announces that the net asset value of the
Ordinary Shares at 31 August 2005 was 114.15p per share, based on the quoted
investments being valued at middle market prices.

The Board of Baronsmead VCT 2 plc announces that the net asset value of the C
Shares at 31 August 2005 was 97.86p per share, based on the quoted investments
being valued at middle market prices.

On 1 September 2005, AssA Training and Learning Limited was sold to Carter &
Carter enabling Baronsmead VCT 2 plc to realise its total investment for
£3,277,000 against a cost of £1,371,000.  This Company was valued at £2,863,000
on 30 June 2005.


For further information contact:


David Thorp, ISIS EP LLP:                                       0207 506 1609

Rhonda Nicoll, F&C Asset Management plc:                        0131 465 1074



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