Baronsmead Vt Regulatory News (BVT)

16 Dec 2010 17:52

Baronsmead VCT 2 plc

Offer for subscription of New Ordinary Shares to raise up to the sterling equivalent of €2.5million

Baronsmead VCT 2 plc ("the Company") announces the allotment on 16 December 2010 of New Ordinary Shares pursuant to the Offer for subscription which had raised £2,120,550.00 at that date.

Based on the latest published net asset value of an existing Ordinary Share ("NAV") as at 30 November 2010, the Offer Price of the New Ordinary Shares allotted on Thursday 16 December 2010 was 102.50p per New Ordinary Share.

In accordance with the Offer document dated 26 November 2010, the Offer Price at which the New Ordinary Shares are allotted in the Company is calculated on the basis of the following formula (the "Pricing Formula"):

Latest published net asset value of an existing Ordinary Share on the day of allotment divided by 0.955 (to allow for issue costs of 4.5 per cent.) rounded up to the nearest 0.5p per share.

As a result, the Offer Price was calculated as follows:

Offer Price of New Ordinary Shares Allotted on 16 December 2010 Baronsmead VCT 2 plc (pence per New Ordinary Share) Latest published NAV 97.47 Latest published NAV divided by 0.955 102.06 Offer Price (rounding up to nearest 102.50 0.5p) The number of shares allotted and the total number of shares in issue after theallotment are shown below: Shares allotted (1) Shares in issue following allotment (2) Baronsmead VCT 2 plc 2,068,746 76,798,940

1. includes shares allotted with respect to any commissions waived and

reinvested

2. includes 7,553,906 shares held in Treasury

Application has been made to the UK listing Authority and the London Stock Exchange for the New Ordinary Shares to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected that admission will become effective and dealings will commence within three business days following allotment. Definitive documents of title and income tax relief certificates are expected to be dispatched within ten business days of allotment.

For further information please contact:

Michael Probin VCT Investor Relations ISIS EP LLP 020 7506 5796