Dividend Declaration

Baronsmead VCT 2 PLC
26 February 2004

To:          RNS

Date:        26 February 2004

Company:     Baronsmead VCT 2 plc

Subject:     Third interim dividend





The Board of Baronsmead VCT 2 plc announces that a dividend of 2.6 pence per
share, being 0.6 pence revenue and 2.0 pence capital dividend, will be paid on
26 March to shareholders on the register on 5 March 2004, having an ex-dividend
date of 3 March 2004.



For further information please contact:

David Thorp, ISIS Equity Partners plc:          0207 506 1609


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