Issue of Equity

AIM VCT2 PLC
23 August 2004


To:          Company Announcements

Date:        23 August 2004

Company:     AiM VCT2 plc

Subject:     Issue of Equity


AVS No:





Offer for Subscription


The Board of AiM VCT2 plc is pleased to announce that pursuant to an Offer for
Subscription, a further 86,416 ordinary shares have issued today at a price of
93p. Trading in these additional shares is expected to commence on 24 August
2004 at 8.00am.


The total number of shares in issue is now 42,878,467.


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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