Hazel Renewable Energy VCT2 plc

LEI: 213800GQ3JQE2M214C75

Transaction in Own Shares

15 February 2019

Hazel Renewable Energy VCT2 plc announces that, on 15 February 2019, the Company purchased the following Shares to be held in treasury:

No.
purchased Price   paid
per   share (pence) %   of class
in   issue Ordinary   Shares of 0.1p each  552,738  110.59 2.1%  A   Shares of 0.1p each  552,738  0.1 1.4%

Following this transaction, the issued share capital and total voting rights of the Company are as follows:

Shares   in issue (excluding treasury) Voting   rights
per   shareVoting   rights Ordinary Shares of 0.1 pence each  26,133,036  1,000  26,133,036,000  A Shares of 0.1 pence each  39,463,845  1  39,463,845  Total   Voting Rights   26,172,499,845

The Board also announces that it has set aside funds to be used for new investments to ensure that the Company can continue to comfortably maintain its VCT qualifying status in the future (taking into account the new VCT regulations which take effect later this year) and to ensure sufficient funds are available for the payment of future dividends.

Therefore, for the time being the Company will not buy back Shares. The Board will keep the situation under review and, as and when liquidity permits, will reconsider buying back Shares. Meanwhile, the Board will endeavour to encourage the development of the secondary market for the Company’s Shares.