1. Vasodilatation induced by adenosine is mediated through the activation of A2‐purinoceptors in endothelial and smooth muscle cells. 2. Adenosine induces a rapid and transient membrane hyperpolarization in endothelial cells. 3. Acute exposure to adenosine or A2‐purinoceptor agonists activates the L‐arginine‐NO signalling pathway in human endothelial cells in vitro.