Blocklisting Interim Review

Baronsmead VCT 2 PLC
16 December 2005

SCHEDULE 5

BLOCK LISTING SIX MONTHLY RETURN

To:       Listing Applications
          UK Listing Authority
          Financial Services Authority
          25, The North Colonnade
          Canary Wharf
          London, E14 5HS

AVS No:

Please ensure the entries on this return are typed

1.

Name of company

BARONSMEAD VCT 2 plc

2.

Name of scheme

ORDINARY SHARES - BLOCK LISTING

3.

Period of return: From 7 JULY 2005 to 16 DECEMBER 2005

4.

Number and class of share(s) (amount of stock/debt security) not issued under
scheme

468,158 ORDINARY SHARES

5.

Number of shares issued/allotted under scheme during period:

164,725 ORDINARY SHARES

6.

Balance under scheme not yet issued/allotted at end of period

303,433 ORDINARY SHARES

7.

Number and class of share(s) (amount of stock/debt securities) originally listed
and the date of admission;

2,000,000 ORDINARY SHARES


Please confirm total number of shares in issue at the end of the period in order
for us to update our records

40,967,740 ORDINARY SHARES


Contact for queries:

Address:



Name: RHONDA NICOLL

80 GEORGE STREET, EDINBURGH, EH2 3BU



Telephone: [phone]




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