Issue of Equity

AIM VCT2 PLC
07 July 2004

To:          Company Announcements

Date:        7 July 2004

Company:     AiM VCT2 plc

Subject:     Issue of Equity




Offer for Subscription


The Board of AiM VCT2 plc is pleased to announce that pursuant to an Offer for
Subscription, a further 34,701 ordinary shares have issued today at a price of
95p. Trading in these additional shares is expected to commence on 8 July 2004
at 8.00am.


The total number of shares in issue is now 43,376,499.




For further information please contact:


Robert Mitchell, ISIS Asset Management plc:     0207 506 1100

Rhonda Nicoll, ISIS Asset Management plc:       0131 465 1074













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