REG-Fram AIM VCT 2 plc: Transaction in Own Shares

At the Annual General Meeting of the Company held on 30 July 2009 shareholders
granted the company authority to purchase up to 4,544,932 ordinary shares.

The Company announces that it has today repurchased 153,000 ordinary shares at
a price of 41p per share. 253,000 ordinary shares have been purchased to date
under the above authority and the issued share capital following cancellation
of the shares repurchased will be 30,230,605 ordinary shares.

Since 19 October 2005 when the Company first obtained powers to purchase its
own shares 783,517 shares have been repurchased.

2 November 2009

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