Purchase of Own Securities

Baronsmead VCT 2 PLC
26 February 2003





To:             RNS

Date:           26 February 2003

From:           Baronsmead VCT 2 plc










REPURCHASE OF SHARES


The Board of Baronsmead VCT 2 plc announces that on 24 February 2003 the Company
purchased for cancellation 15,000 ordinary shares of 10p at a price of 85.0p.


Following this purchase there are now 40,936,722 ordinary shares of 10p in
issue.




For further information please contact:


Gary Fraser, ISIS Asset Management plc :      0131 465 1000



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