Northern 2 VCT PLC : Tender Offer

9 NOVEMBER 2011

NORTHERN 2 VCT PLC

TENDER OFFER TO PURCHASE UP TO 10% OF THE ISSUED SHARE CAPITAL

Further to the announcement made on 23 September 2011, Northern 2 VCT PLC ("the
Company") announces that a circular (the "Circular") has today been published
and will be posted to shareholders on 15 November 2011 setting out details of a
tender offer (the "Tender Offer") to purchase in aggregate 10% of the Company's
issued share capital at a price of 74.2p per share, representing a discount of
3% to the unaudited net asset value as at 30 September 2011 (after deduction of
the interim dividend of 2.0 pence per share declared in respect of the year
ending 31 March 2012).

The Tender Offer opened on 9 November 2011 and will close at 11.00am on 6
January 2012 and cash arising on the sale of shares in the Tender Offer will be
paid to shareholders by 13 January 2012.  Shares purchased by the Company
pursuant to the Tender Offer will be cancelled.

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.doc.  A copy of
the Circular is also available on the NVM Private Equity website at
www.nvm.co.uk/n2vcttenderc2011.

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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