Issue of Equity

AIM VCT2 PLC
08 October 2004

To:                Company Announcements

Date:              8 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 115,273 ordinary shares have issued today at a price of
9 3p.  Trading in these additional shares is expected to commence on 11 October
2004 at 8.00am.

The total number of shares in issue is now 43,059,379.

For further information please contact:

Robert Mitchell, ISIS Asset Management plc:           0207 506 1100
Rhonda Nicoll, ISIS Asset Management plc:             0131 465 1074


                      This information is provided by RNS
            The company news service from the London Stock Exchange