Issue of Equity

Northern 2 VCT PLC
02 December 2005


Northern 2 VCT PLC ('The Company')

Issue of Shares

The Company announces that on 2 December 2005 the Company allotted 50,216 
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 89.0p per share. There remain 43,290,913 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.

Ends


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