Issue of Equity

Bluehone AIM VCT2 PLC
24 August 2007

To:            RNS

Date:          24 August 2007

Company:       Bluehone AiM VCT2 plc

Subject:       Dividend reinvestment scheme


The board of Bluehone AiM VCT2 plc is pleased to announce that pursuant to the
Dividend Reinvestment Scheme, 31,248 ordinary shares of 10 pence per share have
been allotted and issued today at a price of 84.01 pence per ordinary share.
Trading on these additional shares is expected to commence on 28 August 2007 at
8.00am.

There are now 38,296,588 ordinary shares of 10 pence with voting rights in AiM
VCT2 plc.

The above figure (38,296,588) may be used by shareholders as a denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, Bluehone AiM VCT2 plc under
the FSA's Disclosure and Transparency Rules.


For further information contact:

Robert Mitchell, Bluehone Investors LLP:                  0207 496 8911
Scott Macrae, F&C Investment Business Limited:            0207 628 8000



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