Purchase of Own Securities

Baronsmead VCT 2 PLC
21 July 2000


REPURCHASE OF SHARES

The Board of Baronsmead VCT 2 plc announces that on 21 July 2000 the Company
purchased for cancellation 6,931 ordinary shares of 10p at a price of 107.50p.

Following this purchase there are now 40,056,899 ordinary shares of 10p in
issue.


For further information please contact:

David Thorp, Friends Ivory & Sime Private Equity plc :       0207 853 6900
Keith Hannay, Friends Ivory & Sime plc :                     0131 465 1096