Adjustment to Offer Price

Baronsmead VCT 2 PLC
25 February 2000

       
Adjustment to offer price

Baronsmead VCT 2 plc (the 'Company') announces that, following an increase in
the net asset value since the date of the Prospectus, in accordance with the
terms and conditions of Subscription, the Directors of the Company in
consultation with Noble & Company Limited have agreed to increase the Offer
Price from 130 pence per New Ordinary Share to 137 pence per New Ordinary
Share (the 'Revised Offer Price') under the Offers for Subscription dated 9
February 2000. 

The Revised Offer Price has been calculated by the directors of the Company to
avoid, as far as possible, dilution in the value of the Company's existing
investments for the Existing Shareholders.


Contact:      Keith Hannay                            Tel: [phone]
              Friends Ivory & Sime plc, Secretaries