Purchase of Own Securities

Baronsmead VCT 2 PLC
22 May 2002

To:             RNS

Date:           22 May 2002

From:           Baronsmead VCT 2 plc



REPURCHASE OF SHARES

The Board of Baronsmead VCT 2 plc announces that on 21 May 2002 the Company
purchased for cancellation 100,000 ordinary shares of 10p at a price of 92.00p.


Following this purchase there are now 40,871,186 ordinary shares of 10p in
issue.


For further information please contact:


                          Gary Fraser, Friends Ivory & Sime plc :  0131 465 1000




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