Northern 2 VCT PLC

Top 15 investments by value as at 31 July 2008

Cost
£000
Valuation
£000
% of net assets
value
Stainton Metal Company 1,002 2,176 4.6
Envirotec 975 2,159 4.6
Paladin Group 1,307 1,984 4.2
Liquidlogic 282 1,497 3.2
Pivotal Laboratories Holdings 857 1,319 2.8
Longhirst Venues 353 1,295 2.7
Crantock Bakery 1,107 1,267 2.7
Abermed 725 1,154 2.5
S&P Coil Products 620 1,083 2.3
Promanex Group Holdings 1,000 1,000 2.1
Optilan Group 1,000 1,000 2.1
Axial Systems Holdings 1,000 1,000 2.1
DxS 684 963 2.0
Arleigh International 435 916 1.9
Britspace Holdings 1,091 884 1.9
Total 12,438 19,697 41.7