Issue of Equity

4 June 2010

NORTHERN 2 VCT PLC ("the Company")

Issue of Shares AND TOTAL VOTING RIGHTS

The Company announces that on 4 June 2010 it allotted 244,237 ordinary shares of
5p each  to shareholders who agreed  to subscribe for shares  under the terms of
the  Company's Dividend Investment Scheme.  The subscription price was 75.4p per
share.   Following the above allotment,  there are 56,747,998 ordinary shares in
issue.

Application  will  be  made  at  the  earliest practicable opportunity for these
shares, which will rank pari passu with existing ordinary 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 56,747,998 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 56,747,998 (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 and Transparency Rules.

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website:  www.nvm.co.uk <

http://www.nvm.co.uk/>





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