Issue of Equity / Amendment

Baronsmead VCT 2 PLC
13 January 2003


The following replaces the Issue of Equity announcement released on 13 December
2002 under RNS 0930F.

The 3rd paragraph has been removed from the original announcement .

The amended version appears below:



BARONSMEAD VCT 2 PLC

To:   RNS

Date: 13 January 2003


Amendment to Issue of Equity Announcement

The Company announces that on 13 December 2002 it allotted and issued 55,147 new
ordinary shares of 10p each under the Dividend Reinvestment Scheme at a price of
93.69p.

The new shares increase the issued share capital to 41,006,722 ordinary shares.



For further information please contact:

                          Gary Fraser, ISIS Asset Management plc: 0131 465 1000



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