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Spark VCT 2 PLC (KAY2)

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Wednesday 03 December, 2008

Spark VCT 2 PLC

Transaction in Own Shares


For immediate release

3 December 2008

SPARK VCT 2 PLC

(the "Company or "SVC2")

Transaction in own securities

The Board announces that the Company purchased for cancellation 247,909
ordinary shares of 1p in the Company on 2 December 2008 at a price of 24.9p per
share.

As previously announced, the Merger of the Company and SPARK VCT 3 plc ("SVC3")
by way of a scheme of arrangement (the "Scheme") became effective on 27
November 2008. The Scheme provided that, in any case where the issue of New
SVC2 Shares to holders of SVC3 Scheme Shares with registered addresses in a
jurisdiction outside the United Kingdom ("Overseas SVC3 Shareholders") would or
might infringe the laws of any jurisdiction outside the United Kingdom or
necessitate compliance with any special requirement, such New SVC2 Shares might
be issued to a nominee appointed by SVC2 and then sold with the proceeds of
sale being remitted to the Overseas SVC3 Shareholder.

Accordingly, 247,909 New SVC2 Shares (the "Overseas Shares") were allotted and
issued to a nominee appointed by the Company as trustee for such Overseas SVC3
Shareholders. This share buy back was conducted as the means by which these
Overseas Shares were sold at the best price which could reasonably be obtained
in accordance with the Scheme. The net proceeds of the sale will be remitted to
the Overseas SVC3 Shareholders.

Following the share buy back, the issued share capital and voting rights of
SPARK VCT 2 plc are as follows:

 

SPARK VCT 2 plc's share capital consists of 78,534,875 ordinary shares of 1p
with voting rights attached of one vote per ordinary share. Therefore the total
number of voting rights in SPARK VCT 2 plc is 78,534,875.

 

The above total voting rights figure may be used by shareholders as the
denominator for the calculations by which they will determine whether they are
required to notify their interests in, or a change to their interest in the
Company under the Financial Service Authority's Disclosure and Transparency
Rules.

For further information please contact:

Nghi Tran, SPARK VCT 2 PLC 0207 851 7777