Transaction in Own Shares

Baronsmead VCT 2 PLC
03 June 2004





To:              RNS

Date:            3 June 2004

From:            Baronsmead VCT 2 plc



TRANSACTION IN OWN SECURITIES


The Board of Baronsmead VCT 2 plc announces that on 3 June 2004 the Company
purchased for cancellation 50,000 ordinary shares of 10p at a price of 90.0p per
share.


Following this purchase there are now 42,004,168 ordinary shares of 10p in
issue.




For further information please contact:


                                        Gary Fraser, ISIS Asset Management plc :
                                                       0131 465 1000




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