Transaction in Own Shares and Total Voting Rights

31 MARCH 2011

NORTHERN 2 VCT PLC ("the Company")

TRANSACTION IN OWN SHARES AND TOTAL VOTING RIGHTS

The Company announces that on 31 March 2011 it purchased for cancellation under
an existing authority granted by shareholders 300,000 ordinary shares of 5p each
in the market at a price of 64.3p, representing approximately 0.52 per cent of
the Company's issued ordinary share capital.  There remain 57,468,808 ordinary
shares in issue.

In conformity with the Transparency Directive, the Company notifies the market
that the capital of the Company consists of 57,468,808 ordinary shares with a
nominal value of 5p, with voting rights.

The Company does not hold any ordinary shares in treasury.

Therefore, the total number of voting rights in the Company is 57,468,808 (the
"Figure").

The Figure may be used by a shareholder or other person as the denominator for
the calculations by which he will determine if he is required to notify the
voting rights he holds in relation to the Company, or a change to those voting
rights, under the FSA's Disclosure Rules and Transparency Rules.

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#1502173]