Issue of Equity

AIM VCT2 PLC
23 May 2005


To:       Company Announcements

Date:     23 May 2005

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 61,392 ordinary shares have been issued on 20 May 2005
at a price of 93p. Trading in these additional shares is expected to commence on
24 May 2005 at 8.00am.

The total number of shares in issue is now 44,245,110.



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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