Transaction in Own Shares

Baronsmead VCT 2 PLC
24 November 2004

               
To:            RNS
Date:          24 November 2004
From:          Baronsmead VCT 2 plc


TRANSACTION IN OWN SECURITIES

The Board of Baronsmead VCT 2 plc announces that on 24 November 2004 the Company
purchased for cancellation 75,000 ordinary shares of 10p at a price of 91.5p per
share.

Following this purchase there are now 41,958,617 ordinary shares of 10p in
issue.

For further information please contact:


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


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