Northern 2 VCT PLC

Top 15 investments by value as at 31 January 2010

Cost
£000
Valuation
£000
% of net assets
by value
Crantock Bakery 1,107 1,759 4.0
Britspace Holdings 1,474 1,474 3.3
Envirotec 975 1,448 3.3
CloserStill Holdings 1,000 1,274 2.9
Paladin Group 1,307 1,261 2.8
Axial Systems Holdings 1,004 1,105 2.5
IG Doors 1,000 1,000 2.3
Phusion Healthcare 995 995 2.2
Arleigh International 435 954 2.2
Longhirst Venues 375 928 2.1
Advanced Computer Software* 429 909 2.0
S&P Coil Products 479 890 2.0
Optilan Group 1,000 821 1.8
Promanex Group Holdings 1,000 750 1.7
Direct Valeting 694 694 1.6
Total 13,274 16,262 36.7

* Quoted on AIM