Issue of new shares

Advent 2 VCT PLC
23 April 2002

Advent 2 VCT plc
23rd April 2002

ADVENT 2 VCT PLC ('ADVENT') OR (THE 'COMPANY')

The Company is pleased to announce that it has issued and allotted 327,851 new
ordinary shares of 5p each (the 'New Advent Shares') pursuant to the offer for
subscription, as detailed in the circular to shareholders dated 20 March 2002,
at a price of 89 pence per share.

The New Advent Shares represent approximately 0.94 per cent. of the Company's
existing issued ordinary share capital.

Application has been made to the UK Listing Authority for the New Advent Shares,
which rank pari passu with the existing issued ordinary share capital, to be
admitted to trading on the London Stock Exchange's market for listed securities.
It is anticipated that the new shares will be admitted to trading on 22nd
April 2002.

The Board has decided to keep the offer for subscription open until Monday, 29th
April 2002.


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