Miscellaneous: Portfolio update

3 DECEMBER 2013

NORTHERN 2 VCT PLC

PORTFOLIO UPDATE

Northern 2 VCT PLC ("Northern 2 VCT") announces the sale of its investment in Alaric Systems Limited ("Alaric"), which provides payment processing and fraud prevention software, to a subsidiary of NCR Corporation.

Northern 2 VCT has received cash proceeds of £3.91 million for its holding of ordinary shares and loan stock in Alaric.  The carrying value of the investment in Alaric in Northern 2 VCT's unaudited half-yearly financial statements for the six months ended 30 September 2013, published on 12 November 2013, was £3.27 million.  The uplift in Northern 2 VCT's net assets resulting from the sale is therefore £0.64 million, equivalent to approximately 0.7p per share.

Northern 2 VCT has also received accrued loan stock interest from Alaric totalling £0.27 million, equivalent (after providing for corporation tax) to approximately 0.2p per share, which was not recognised in the financial statements as at 30 September 2013.

Northern 2 VCT may become entitled to receive additional sale proceeds of up to £0.70 million over the period to December 2017, which will be recognised in the financial statements as and when received.

For further information, please contact:

NVM Private Equity Limited

Alastair Conn/Christopher Mellor             0191 244 6000

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Northern 2 VCT PLC via Globenewswire

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