Transaction in Own Shares

AIM VCT2 PLC
23 March 2005

To:                   RNS
Date:                 23 March 2005
Subject:              AiM VCT2 plc


Transaction in Own Securities



The Board of AiM VCT2 plc announces that the Company purchased for cancellation
on 22 March 2005 200,000 ordinary shares of 10p at a price of 83.25p.



Following this purchase there are now 42,886,639 ordinary shares of 10p in
issue.







For further information please contact:



Robert Mitchell, F & C Asset Management plc:        0207 506 1100

Rhonda Nicoll, F & C Asset Management plc:          0131 465 1000




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