Purchase of Own Securities

Baronsmead VCT 2 PLC
27 March 2003





To:             RNS

Date:           27 March 2003

From:           Baronsmead VCT 2 plc



REPURCHASE OF SHARES


The Board of Baronsmead VCT 2 plc announces that on 27 March 2003 the Company
purchased for cancellation 25,000 ordinary shares of 10p at a price of 80.00p.


Following this purchase there are now 40,881,722 ordinary shares of 10p in
issue.




For further information please contact:


                         Gary Fraser, ISIS Asset Management plc :  0131 465 1000



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