Issue of Equity

22 JULY 2011

NORTHERN 2 VCT PLC ("the Company")

Issue of Shares AND TOTAL VOTING RIGHTS

The  Company announces that on  22 July 2011 it allotted 319,534 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 75.0p per
share.   Following the above allotment,  there are 57,638,342 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 57,638,342 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 57,638,342 (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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