Transaction in Own Shares

Baronsmead VCT 2 PLC
17 August 2007

TO:           RNS

FROM:         Baronsmead VCT 2 plc

DATE:         17 August 2007

SUBJECT:      Transaction in Own Shares



THIS ANNOUNCEMENT REPLACES RNS ANNOUNCEMENT 2595Z  RELEASED TO THE MARKET ON 29
JUNE 2007.

THE ANNOUNCEMENT RELEASED ON 29 JUNE WAS INCORRECT AND SHOULD BE DISREGARDED.
THE CORRECT ANNOUNCEMENT APPEARS BELOW:







The Board of Baronsmead VCT 2 plc announces that on 28 June 2007 the Company
purchased 200,000 ordinary shares of 10p at a price of 103p per share to be held
in Treasury.


The Company's issued ordinary share capital consists of 63,496,638 with
votingrights of which 2,120,000 are held in Treasury. Therefore the total number
of shares with voting rights in Baronsmead VCT 2 plc is 61,376,638.


The above figure (61,376,638) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, Baronsmead VCT 2 plc under
the FSA's Disclosure and Transparency Rules.



For further information please contact:

David Thorp, ISIS EP LLP:
0207 506 5631

Rhonda Nicoll, F&C Asset Management plc:                         0131 718 1074


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