EGM Notice

Advent 2 VCT PLC
22 February 2002

Advent 2 VCT  plc
22 February 2002


The Directors of Advent 2 VCT plc are currently authorised to allot up to
1,750,010 ordinary shares (being equal to 5% of the issued ordinary share
capital of the Company) for cash otherwise than on a pre-emptive basis. A
circular is being posted today, 22nd February 2002, and contains notice of an
Extraordinary General Meeting to be held on Monday 18th March, at 2.30 p.m. at
which a resolution will be proposed to increase this level to 10% of the issued
share capital.


Providing the resolution is approved, the Directors of Advent 2 VCT plc intend
making an offer to existing shareholders of new ordinary shares in the Company,
representing up to 9.95% of the Fund's issued share capital, at a subscription
price equal to the audited net asset value per share of the Company at 28th
February, 2002 plus 5% representing the expected costs of issue. It is expected
that the proceeds of this offer will be used primarily to provide further
support to existing portfolio companies.


The circular being posted to all shareholders today outlines the proposals. It
is expected that full application packs will be despatched to shareholders on
Tuesday 19th March, 2002, and the subscription period will be open from 25th
March, 2002 until April 19th, 2002. Further announcements will be made in due
course.





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