Issue of Equity

AIM VCT2 PLC
01 October 2004


To:                 Company Announcements


Date:               1 October 2004


Company:            AiM VCT2 plc


Subject:            Issue of Equity





Offer for Subscription


The Board of AiM VCT2 plc is pleased to announce that pursuant to an Offer for
Subscription, a further 109,573 ordinary shares have issued today at a price of
9 2p.  Trading in these additional shares is expected to commence on 4 October
2004 at 8.00am.


The total number of shares in issue is now 43,044,106.


For further information please contact:



Robert Mitchell, ISIS Asset Management plc:            0207 506 1100
Rhonda Nicoll, ISIS Asset Management plc:              0131 465 1074




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