SVC2 Spark Vct 2

    For immediate release

SPARK VCT 2 plc

("SVC2" or the "Company")

Issue of new SPARK VCT 2 plc ordinary shares of 1 pence each ("Ordinary
Shares") pursuant to the merger between SPARK VCT 2 plc and SPARK VCT 3 plc
("SVC3") by way of a scheme of arrangement

On 13 October 2008 the Company announced the formal agreement of the terms and
conditions of a merger with SPARK VCT 3 plc (the "Merger") to be effected by
way of a scheme of arrangement pursuant to Part 26 of the Companies Act 2006
(the "Scheme"). Shareholders of both the Company and SPARK VCT 3 plc ("SVC3")
approved the resolutions to approve the merger on 12 November 2008. On 26
November 2008 the Court granted approval for the Scheme and the Scheme has
become effective today following the issue of the Certificate of Registration
of Order and Minute by Companies House.

On 24 November 2008 the Company announced that SVC2 and SVC3 had approved the
formula asset value calculations as at 19 November 2008. Scheme Shareholders,
who were on the SVC3 share register at 6 p.m. on 26 November 2008 will
therefore receive 1.4613 new ordinary 1 penny shares in SPARK VCT 2 plc for
each ordinary 1 penny share in SPARK VCT 3 plc held. Pursuant to the terms of
the Merger and as a result of the Scheme becoming effective, 33,047,262 new
ordinary shares of 1 penny each in the Company ("Ordinary Shares") have
therefore been allotted which will be issued to shareholders of SVC3.

Following the above allotment, the total number of Ordinary Shares in the
Company in issue is 78,783,347. Application has been made to the UK Listing
Authority for the 33,047,262 new Ordinary Shares in the Company 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 in the new Ordinary Shares in the Company will commence on 27 November
2008.

CREST accounts are expected to be credited at 8.00 a.m. on 27 November 2008 and
definitive documents of title are expected to be dispatched by 11 December
2008.

SPARK VCT 2 plc +44 (0) 20 7851 7777

Nghi Tran, Company Secretary

Noble & Company Limited +44(0) 20 7763 2200

John Riddell/Alastair Maclachlan



END

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