Net Asset Value(s)

Baronsmead VCT 2 PLC
19 August 2005


To:          RNS

Date:        19 August 2005

Company:     Baronsmead VCT 2 plc

Subject:     Net Asset Value of Ordinary Shares and C Shares at 30 June 2005

The Board of Baronsmead VCT 2 plc announces that the net asset value of the
Ordinary Shares at 30 June 2005 was 113.40p per share.

The Board of Baronsmead VCT 2 plc announces that the net asset value of the C
Shares at 30 June 2005 was 96.53p per share

The total return of Ordinary Shares of Baronsmead VCT 2 plc (net of all costs)
has exceeded that of the FTSE All-Share Index over one year, three year, five
years and since launch in April 1998:

                                                          Since launch
                  Year to      3 years to   5 years to    02/04/98 to  
                  30/06/05     30/06/05     30/06/05      30/06/05

Baronsmead VCT2   +22.2%       +49.7%       +29.8%        +75.1%
FTSE All-share    +18.8%       +25.3%       -1.5%         +11.3%
Outperformance    +3.4%        +24.4%       +31.3%        +63.8%

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


For further information please contact:

David Thorp, ISIS EP LLP:                            0207 506 1609
Rhonda Nicoll, F&C Asset Management plc:             0131 465 1074



                      This information is provided by RNS
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