Northern 2 VCT PLC.

17 FEBRUARY 2016



Northern 2 VCT PLC ("the Company") is a Venture Capital Trust ("VCT") launched in 1999 and managed by NVM Private Equity LLP.  The Company's objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth, by investing in a portfolio of investments mainly comprising unquoted venture capital holdings.  In order to maintain approval by HM Revenue & Customs as a VCT, the Company is required to comply on a continuing basis with the provisions of Section 274 of the Income Tax Act 2007.

The unaudited net asset value per ordinary share as at 31 December 2015 was 78.2 pence (30 September 2015 76.8 pence).  The net asset value is stated before deducting the interim dividend of 2.0 pence per share in respect of the year ending 31 March 2016, which was paid to eligible shareholders on 29 January 2016.

For the purposes of calculating the net asset value per share, quoted investments are carried at bid price as at 31 December 2015 and unquoted investments are carried at fair value as at 31 December 2015 as determined by the directors.

During the three months ended 31 December 2015 there were no significant investment acquisitions or disposals.

The number of ordinary shares in issue at 31 December 2015 was 92,128,230.  During the three months ended 31 December 2015 no new shares were issued by the company and no shares were re-purchased for cancellation.

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


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Source: Northern 2 VCT PLC via Globenewswire