TIDMIEVC

Ingenious Entertainment VCT 2 plc (the "Company")

Issue of Shares & Total Voting Rights

The Company is pleased to announce that on 5 April 2012, 614,842 G ordinary shares of 1p each ("G Shares") were allotted and issued by the Company (the "Allotment"). The Allotment was made pursuant to the joint offer for subscription dated 22 November 2011 (the "Offer") of up to, in aggregate, 15,000,000 G Shares comprising up to 7,500,000 G Shares in the share capital of each of the Company and Ingenious Entertainment VCT 1 plc ("VCT 1") at an offer price of 100p per G Share, together with an over-allotment facility of up to, in aggregate, a further 10,000,000 G Shares comprising up to 5,000,000 G Shares in the share capital of each of the Company and VCT 1 at an offer price of 100p per G Share.

The same number of G Shares as specified above were issued and allotted by VCT 1 on the same date.

Following the Allotment, the issued share capital of the Company will consist of 10,205,011 ordinary shares of 1p each (the "Ordinary Shares"), 2,810,596 C ordinary shares of 1p each (the "C Shares"), 6,785,624 D ordinary shares of 1p each (the "D Shares"), 2,846,122 E ordinary shares of 1p each ("E Shares"), 1,572,095 F ordinary shares of 1p each ("F Shares") and 2,756,760 G Shares. The Company does not hold any Ordinary Shares, C Shares, D Shares, E Shares, F Shares or G Shares in treasury.

Therefore, the total number of voting rights in the Company is 10,205,011 in respect of holdings of Ordinary Shares, 2,810,596 in respect of holdings of C Shares, 6,785,624 in respect of holdings of D Shares, 2,846,122 in respect of holdings of E Shares, 1,572,095 in respect of holdings of F Shares and 2,756,760 in respect of holdings of G Shares.

Therefore, the total number of voting rights in the Company is 26,976,208. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the Company under the FSA's Disclosure and Transparency Rules.

Applications are now being made for the G Shares issued pursuant to the Allotments to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities, and dealings are expected to commence on or around 19 April 2012. CREST accounts are expected to be credited within five business days of the Allotment and definitive documents of title are expected to be dispatched within 10 business days of the Allotment.

Enquiries to:

Sarah CruickshankCompany SecretaryIngenious Entertainment VCT 2 plc15 Golden SquareLondonW1F 9JG

020 7319 4000

MHP CommunicationsReg Hoare / Barnaby Fry / Simon Hockridge / Giles RobinsonTel: 020 3128 8100ingenious@mhpc.com
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