Announcements

Northern 2 VCT PLC.

9 JANUARY 2012

NORTHERN 2 VCT PLC

RESULT OF TENDER OFFER AND PURCHASE OF OWN SHARES

Further to the Tender Offer set out in the Circular to shareholders dated 9 November 2011, Northern 2 VCT PLC ("the Company") announces that applications were received from Eligible Shareholders by the Closing Date in respect of a total of 6,542,853 ordinary shares of 5p each (representing approximately 11.4% of the Company's issued ordinary share capital as at the Record Date).

In accordance with the terms and conditions of the Tender Offer, the Company has accepted in full all applications made by Eligible Shareholders up to their 10% Basic Entitlement.  As certain Eligible shareholders did not take up their 10% Basic Entitlement, the Company has also accepted, in part, those applications made by Eligible Shareholders in excess of their 10% Basic Entitlement, scaled back on a pro rata basis.

The total number of shares for which applications were accepted under the Tender Offer was 5,746,834, representing 10% of the Company's issued ordinary share capital as at the Record Date, and accordingly on 9 January 2012 the Company purchased for cancellation 5,746,834 ordinary shares at a price of 74.2p in accordance with the terms of the Tender Offer.  Immediately following this transaction there were 54,720,069 ordinary shares in issue.

Payment of the Tender Price due to Shareholders whose tenders under the Tender Offer have been accepted is expected to be made (by cheque or by payment through CREST, as appropriate) by 13 January 2012. 

Defined terms in this announcement have the same meaning as in the Circular to Shareholders dated 9 November 2011.

In conformity with the Transparency Directive, the Company notifies the market that the capital of the Company consists of 54,720,069 ordinary shares with a nominal value of 5p each.  All the shares have voting rights.

The Company does not hold any ordinary shares in treasury.

Therefore, the total number of voting rights in the Company is 54,720,069 (the "Figure").

The Figure may be used by a shareholder or other person as the denominator for the calculations by which he will determine if he is required to notify the voting rights he holds in relation to the Company, or a change to those voting rights, under the FSA's Disclosure and Transparency Rules.

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website:  www.nvm.co.uk

Neither the contents of the NVM Private Equity Limited website nor the contents of any website accessible from hyperlinks on the NVM Private Equity Limited website (or any other website) is incorporated into, or forms part of, this announcement.




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information contained therein.

Source: Northern 2 VCT PLC via Thomson Reuters ONE

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