Miscellaneous: Offer for subscription update

30 OCTOBER 2013

NORTHERN 2 VCT PLC

OFFER FOR SUBSCRIPTION UPDATE

Northern 2 VCT PLC ("the Company") announces that its offer of new ordinary shares of 5p each to raise a total of up to £15 million pursuant to the Prospectus published on 31 July 2013 is now fully subscribed and no further applications will be accepted.

On 4 October 2013 the Company allotted 13,238,523 ordinary shares in respect of the offer of new ordinary shares for subscription in the 2013/14 tax year.  It is intended that there will be a further allotment of new ordinary shares on 29 November 2013 in respect of the 2013/14 tax year and an allotment of new ordinary shares on 7 April 2014 in respect of the 2014/15 tax year.  Admission of the new ordinary shares to be allotted on 29 November 2013 to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities, is expected to become effective, and dealings are expected to commence, by 9 December 2013.  Admission of the new ordinary shares to be allotted on 7 April 2014 to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities, is expected to become effective, and dealings are expected to commence, by 15 April 2014.

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.

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Northern 2 VCT PLC via Thomson Reuters ONE

HUG#1739347