Purchase of Own Securities

Baronsmead VCT 2 PLC
10 June 2003


To:          RNS

Date:        10 June 2003

From:        Baronsmead VCT 2 plc


REPURCHASE OF SHARES


The Board of Baronsmead VCT 2 plc announces that on 9 June 2003 the Company
purchased for cancellation 365,000 ordinary shares of 10p at a price of 83.00p.


Following this purchase there are now 40,847,594 ordinary shares of 10p in
issue.

For further information please contact:

Gary Fraser, ISIS Asset Management plc :                    0131 465 1000

                      This information is provided by RNS
            The company news service from the London Stock Exchange