Dividend Declaration

Baronsmead VCT 2 PLC
12 June 2003

To:          RNS

From:        Baronsmead VCT2 plc

Date:        12 June 2003

Subject:     Interim Dividends




The Board of Baronsmead VCT2 is pleased to declare an interim dividend of 4.7p
per share payable on 4 July 2003 to shareholders on the register on 20 June
2003. The ex-dividend date will be 18 June 2003.


This distribution arises from the sale of two companies:

  • Thomas Sanderson Blinds was sold to Hunter Douglas Europe BV on 30 May
    2003; and

  • AIMS Group was sold to Alfred McAlpine on 6 June 2003.


For further information please contact:


                                        David Thorp, ISIS Equity Partners plc:
                                                            0207 506 1609

                                        Gary Fraser, ISIS Asset Management plc :
                                                            0131 465 1016



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