Director/PDMR Shareholding

6 APRIL 2020

NORTHERN 2 VCT PLC

NOTIFICATION OF TRANSACTION BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMR”)

Northern 2 VCT PLC (“the Company”) has been notified that in respect of the allotment of new ordinary shares pursuant to the Offer Document published on 10 January 2020, the following PDMR acquired ordinary shares of 25 pence each in the Company.

PDMR	Date acquired	No. of shares acquired	Purchase price per share (£)	Total current shareholding
Cecilia Ann McAnulty	3 April 2020	19,600	£0.51	85,884

The Notification of Dealing Form for the above PDMR can be found below.
This notification is made in accordance with the Market Abuse Regulation.

Enquiries:

Simon John/James Bryce, NVM Private Equity LLP - 0191 244 6000
Website:  www.nvm.co.uk

Martin Glanfield, Chief Financial Officer, Mercia Asset Management PLC – 0330 223 1430
Website: www.mercia.co.uk

Neither the contents of the NVM Private Equity LLP or the Mercia Asset Management PLC website,  nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC website (or any other website), are incorporated into, or forms part of, this announcement.

NOTIFICATION OF DEALING FORM 

1   Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Cecilia Ann McAnulty

2   Reason for the notification

a)	Position/status	Director
b)	Initial notification/ Amendment	Initial Notification

3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)	Name	Northern 2 VCT PLC
b)	LEI	213800K2EJ4CM6G9K687

4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 5p each         GB0005356430
b)	Nature of the transaction	Allotment of new ordinary shares pursuant to the Prospectus published on 10 January 2020
c)	Price(s) and volume(s)	Price(s)  £0.5102 Volume(s)  19,600
d)	Aggregated information  - Aggregated volume - Price	Aggregate price   £0.5102   Aggregate volume  19,600   Aggregate total  £10,000
e)	Date of the transaction	3 April 2020
f)	Place of the transaction	XLON