Transaction in Own Shares

AIM VCT2 PLC
26 August 2004


To:          RNS
Date:        26 August 2004
Subject:     AiM VCT2 plc


Transaction in Own Securities

The Board of AiM VCT2 plc announces that the Company purchased for cancellation
today 100,000 ordinary shares of 10p at a price of 78.75p.

Following this purchase there are now 42,778,467 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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