Purchase of Own Securities

AIM VCT2 PLC
25 October 2002

TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS


DATE:           25 October 2002


SUBJECT:     REPURCHASE OF SHARES


FROM:          AiM VCT2 plc


The Board of AiM VCT2 plc announces that the Company purchased for cancellation
18,000 ordinary shares of 10p at a price of 58p.


Following this purchase there are now 41,338,064 ordinary shares of 10p in
issue.



                  For further information please contact:


                    Robert Mitchell, ISIS Asset Management plc: 0207 506 1100

                    Rhonda Nicoll, ISIS Asset Management plc:   0131 465 1000



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