Issue of Equity

AIM VCT2 PLC
12 November 2004

To:             Company Announcements



Date:           12 November 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 142,293 ordinary shares have been issued today at a
price of 95p.  Trading in these additional shares is expected to commence on 15
November 2004 at 8.00am.


The total number of shares in issue is now 43,305,161.


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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