Transaction in Own Shares

Baronsmead VCT 2 PLC
25 November 2005


TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS

FROM:         Baronsmead VCT 2 plc

DATE:         25 November 2005

SUBJECT:      Transaction in Own Shares


The Board of Baronsmead VCT 2 plc announces that on 25 November 2005 the Company
purchased 235,000 ordinary shares of 10p at a price of 102p per share.  These
shares will be held in Treasury.

Following this purchase there are now 40,803,015 ordinary shares of 10p in
issue. The Company's total listed shares are 41,463,015 ordinary shares of 10p.

For further information please contact:

Rhonda Nicoll, F&C Asset Management plc:                         0131 465 1074


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