Northern 2 VCT PLC.

10 APRIL 2012



Northern 2 VCT PLC ("the Company") announces that on 10 April 2012 it allotted to 122 subscribers 1,419,523 ordinary shares of 5p each under the Offer for subscription, details of which were set out in the Prospectus dated 9 November 2011.  The new ordinary shares were issued at a price of 82p per share, in accordance with the Pricing Formula set out in the Prospectus.

Application will be made at the earliest practicable opportunity for these shares, which will rank pari passu with existing ordinary shares, to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities.

In conformity with the Transparency Directive, the Company notifies the market that the capital of the Company consists of 70,058,394 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 70,058,394 (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 Rules and Transparency Rules.

Defined terms in this announcement have the same meaning as in the Prospectus dated 9 November 2011.


Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000

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Source: Northern 2 VCT PLC via Thomson Reuters ONE