Dividend Declaration

Baronsmead VCT 2 PLC
01 March 2007



To:           RNS

Date:        1 March 2007

Company:     Baronsmead VCT 2 plc

Subject:     Second Interim Dividend


The Board of Baronsmead VCT 2 plc is pleased to announce that following a series
of successful realisations a second interim capital dividend of 5.0 per ordinary
share will be paid on 30 March 2007 to ordinary shareholders on the register on
9 March 2007.

Since launch in April 1998, dividends totalling 57.4p have been paid to ordinary
shareholders.  This equates to an annual average dividend of 6.4p per share to
founder shareholders.  Such dividends are tax-free to qualifying private
investors.



For further information contact:

David Thorp, ISIS EP LLP:                          0207 506 5631
Rhonda Nicoll, F&C Asset Management plc:           0131 718 1074





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