Issue of Equity

AIM VCT2 PLC
06 August 2004

To:        Company Announcements

Date:      6 August 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 24,868 ordinary shares have issued today at a price of
93p. Trading in these additional shares is expected to commence on 9 August 2004
at 8.00am.

The total number of shares in issue is now 43,492,051.


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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