Net Asset Value(s)

Baronsmead VCT 2 PLC
08 February 2006

To:         RNS



Date:       8 February 2006



Company:    Baronsmead VCT 2 plc



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



The Board of Baronsmead VCT 2 plc announces that the net asset value of the
Ordinary Shares at 31 December 2005 was 115.45p per share, based on the quoted
investments being valued at bid and prior to a 6p third interim dividend,
payable on 20 March 2006.  Following payment of this dividend the net asset
value of the Ordinary Shares will be 109.45p per share.



The Board of Baronsmead VCT 2 plc announces that the net asset value of the C
Shares at 31 December 2005 was 98.90p per share, based on the quoted investments
being valued at bid and prior to a 1.3p second interim dividend, payable on 20
March 2006.  Following payment of this dividend the net asset value of the C
Shares will be 97.6p per share.



The total return of Ordinary Shares (based on quoted investments being valued at
middle market price) of Baronsmead VCT 2 plc (net of all costs) over one year,
three years, five years and since launch are set out below:




                                      1 Year to        3 Years to        5 Years to     Since Launch 2/4/98 to 
                                       31/12/05          31/12/05          31/12/05                   31/12/05
                                      
Baronsmead VCT plc                       +16.7%            +59.2%            +35.2%                      +84.0%
FTSE All-Share                           +22.0%            +66.4%            +11.6%                      +25.5%



These differentials do not include the benefit of the VCT tax reliefs that apply
to qualifying shareholders.





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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