RNS Number:1520L
Pennine AIM VCT II PLC
15 May 2003


PENNINE AIM VCT II plc
15th MAY 2003

The Directors of Pennine AIM VCT II plc (the "Company") announce that 25,000
ordinary shares of 10p representing 0.58% of the issued share capital of the
Company, were purchased on Wednesday 14th May 2003 at a price of 47.75 pence per
share for cancellation.

Following this transaction, the issued share capital of the Company is now
4,255,200 shares.


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