Issue of Equity and Total Voting Rights

22 MARCH 2011

NORTHERN 2 VCT PLC ("the Company")

ISSUE OF EQUITY AND TOTAL VOTING RIGHTS

The Company announces that on 22 March 2011 it allotted to 119 subscribers
1,009,199 ordinary shares of 5p each under the 2010/11 Offer for Subscription.
The new ordinary shares were issued at a price of 82p per share.

Application will be made at the earliest practicable opportunity for these
shares to be admitted to the Official List of the UK Listing Authority and to
trading on the London Stock Exchange's market for listed securities.

In conformity with the Transparency Directive, the Company notifies the market
that the capital of the Company consists of 57,499,442 ordinary shares with a
nominal value of 5p each.  All the shares have voting rights.

The Company does not hold any ordinary shares in treasury.

Therefore, the total number of voting rights in the Company is 57,499,442 (the
"Figure").

The Figure may be used by a shareholder or other person as the denominator for
the calculations by which he will determine if he is required to notify the
voting rights he holds in relation to the Company, or a change to those voting
rights, under the FSA's Disclosure Rules and Transparency Rules.

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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