Offer for Subscription Update

Baronsmead VCT 2 PLC
14 January 2005


TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS



FROM:             Baronsmead VCT 2 plc

DATE:             14 January 2005

SUBJECT:          Offer for Subscription



C Share Issue/ Offer for Subscription Closed

The Board of Baronsmead VCT 2 plc is pleased to announce that applications have
been received in respect of 3,066,013 C shares at 100p per C share which have
been issued on 14 January 2005.  Trading in these C shares is expected to
commence on 17 January 2005 at 8.00am.

This brings the total number of C shares in issue to 22,000,000.

With the Offer for Subscription of 20,000,000 shares fully subscribed an
application was made to make an additional 2,000,000 shares available to meet
investor demand.  Investor applications for these additional shares have now
been received and it is also now fully subscribed.  The Offer for Subscription
for Baronsmead VCT 2 plc C shares is now closed.


David Thorp, ISIS Equity Partners plc:                      0207 506 1100

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


                      This information is provided by RNS
            The company news service from the London Stock Exchange