Transaction in Own Shares

Pennine Downing AIM VCT 2 plc Transaction in own shares 29 August 2008 Pennine Downing AIM VCT 2 plc announces that on 29 August 2008 the Company purchased 11,577 Ordinary shares of 5p each for cancellation representing approximately 0.05% of the issued Ordinary share capital at a price of 39p per share. ---END OF MESSAGE---