Bluehone Holdings Plc

February 11, 2011 06:27 ET

Statement re Bluehone AIM VCT2 plc

                                       BLUEHONE HOLDINGS PLC
                                          (the "Company")

Bluehone AIM VCT2 PLC Change of Manager

The Company notes the announcement this morning by the Board of Bluehone AIM VCT2 PLC notifying  a
change  of  manager  in  place of Bluehone Investors LLP, a wholly owned  subsidiary  of  Bluehone
Holdings  PLC. The Company confirms Bluehone Investors LLP has been given notice by the  Board  of
Bluehone  AIM  VCT2 PLC and will continue to receive fees under the current investment  management
agreement until 30th June 2011.

The assets under management of Bluehone AIM VCT2 PLC were approximately £23.26m. The Directors  of
the Company would hope to replace these assets with new assets under management through a new fund
launch the Company is proposing to undertake.

Bluehone Holdings Plc
John Wheatley                    07836  601938
Bill Brown                            020 7496 8929

Charles Cunningham or        020 7600 1658
Ed Frisby

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