Issue of Equity

AIM VCT2 PLC
15 October 2004

To:                   Company Announcements

Date:                 15 October 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 79,800 ordinary shares have issued today at a price of 
94p.  Trading in these additional shares is expected to commence on 18 October
2004 at 8.00am.



The total number of shares in issue is now 42,939,179.





For further information please contact:



Robert Mitchell, F&C Asset Management plc:          0207 506 1100
Rhonda Nicoll, F&C Asset Management plc:            0131 465 1074





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