Director/PDMR Shareholding

9 JANUARY 2012

NORTHERN 2 VCT PLC

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS

In accordance with the FSA's Disclosure Rules and Transparency Rules, Northern
2 VCT PLC ("the Company") announces the following changes to the beneficial
interests of the Directors in the Company's ordinary shares of 5p each following
the result of the Tender Offer which was announced on 9 January 2012.  The
Company was informed of the changes on 9 January 2012 and the transactions took
place in London on 9 January 2012.



                                                      Sold in
                                                       Tender         % of share
                                     Holding before     Offer            capital
                                       Tender Offer  at 74.2p          currently
               Registered                           per share Current       held
Director       shareholders                                   holding



A M Conn       A M Conn                     280,457 (139,217) 141,240      0.26%

C G A Fletcher C G A Fletcher                62,504  (17,524)  44,980      0.08%
               C F Fletcher

F L G Neale    F L G Neale                   68,377  (43,238)  25,139      0.05%


As set out in the Prospectus dated 9 November 2011, each of the Directors has
committed to re-invest the proceeds which he receives from the Tender Offer in
accordance with the terms of the Prospectus.  It is expected that new ordinary
shares will be allotted accordingly to the Directors on 11 January 2012 in
respect of the 2011/12 tax year.

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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Source: Northern 2 VCT PLC via Thomson Reuters ONE

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