EGM Statement

Baronsmead VCT 2 PLC
03 November 2006

To:            RNS



Date:          3 November 2006



Company:       Baronsmead VCT 2 plc




Extraordinary General Meeting Result



The Company announces that, at the Extraordinary General Meeting held on 2
November 2006, the following resolutions were considered and successfully
passed:



(1)      The Company's existing authority to dis-apply pre-emption rights in
respect of the allotment or sale from Treasury of up to 10 per cent of the
listed share capital of the Company was renewed.  The Board of Directors is now
mandated by shareholders to sell Treasury shares at a discount to the prevailing
net asset value per share if the Board considers it to be in the best interests
of the Company to do so.  However, Treasury shares will never be sold at a
discount wider than the discount prevailing at the time the shares were
initially bought back by the Company.



(2)      The amount standing to the credit of the share premium account of the C
shares of the Company will be reduced by £10,031,437.



(3)      The life of the Company was extended to the Company's annual general
meeting in 2012.



The Board was delighted with the support received as, 27% of the Company's
shareholders voted on the resolutions, of which over 90% voted in favour.



For further information contact:

David Thorp, ISIS EP LLP:                                       0207 506 1609
Rhonda Nicoll, F&C Asset Management plc:                        0131 465 1074




                      This information is provided by RNS
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