Northern 2 VCT PLC : Notice of General Meeting

28 OCTOBER 2011

NORTHERN 2 VCT PLC

SHAREHOLDER MEETING - proposed REDUCTION IN SHARE PREMIUM ACCOUNT

Northern 2 VCT PLC ("the Company") announces that a circular has today been
posted to shareholders giving notice of a shareholder general meeting to be held
on 23 November 2011 to consider a resolution to reduce the share premium account
of the Company by £25 million.  Subject to shareholder approval of the
resolution, the Company intends to apply to the High Court to seek its
confirmation of the reduction in the share premium account, whereupon a
corresponding amount will be credited to a distributable reserve which will,
together with the Company's existing distributable reserves, be available to be
used by the Company inter alia to re-purchase Shares for cancellation (including
those proposed to be re-purchased in the tender offer announced on 23 September
2011) and to pay dividends to shareholders.  The result of the proposal, if
implemented, will be to effect a transfer between two categories of reserves in
the Company's balance sheet and there will be no impact on the assets and
liabilities of the Company.

A copy of the circular has been submitted to the National Storage Mechanism and
will shortly be available for inspection at www.Hemscott.com/nsm.do and is also
available on the NVM Private Equity website at www.nvm.co.uk/n2vctgmnov2011

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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