Pennine Downing AIM VCT 2 plc
5 August 2009

At the Annual General Meeting of Pennine Downing AIM VCT 2 plc, held
today, all resolutions were passed.

Details of the proxy votes in respect of the resolutions passed at
the Annual General Meeting received as at 11.00 a.m. on 3 August
2009, 48 hours before the time of the meeting, at Downing Management
Services are set out below:


                  For     Discretionary  Against   Withheld
Resolution No.   No. of      No. of       No. of    No. of    Total
                 Votes        Votes       Votes     Votes     Votes
               % of votes  % of votes   % of votes            % of
                                                              votes
      1         576,083      29,910       19,730      -      625,723
                 92.07%       4.78%       3.15%              100.00%
      2         365,082      29,910      198,666    32,065   625,723
                 61.50%       5.04%       33.46%             100.00%
      3         546,443      29,910       14,820    34,550   625,723
                 92.43%       5.06%       2.51%              100.00%
      4         430,646      29,910      160,167    5,000    625,723
                 69.38%       4.82%       25.80%             100.00%
      5         464,046      29,910      120,437    11,330   625,723
                 75.53%       4.87%       19.60%             100.00%
      6         525,412      29,910       59,640    10,761   625,723
                 85.44%       4.86%       9.70%              100.00%
      7         522,183      34,910       34,640    33,990   625,723
                 88.25%       5.90%       5.85%              100.00%


A copy of the resolutions passed will be submitted to the UK Listing
Authority and will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Telephone: 020 7066 1000

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