Transaction in Own Shares

Northern 2 VCT PLC
27 July 2007


NORTHERN 2 VCT PLC ('The Company')

PURCHASE OF OWN SHARES

The Company announces that on 26 July 2007 it purchased for cancellation under
an existing authority granted by shareholders 90,050 ordinary shares of 5p each
in the market at a price of 77.2p, representing approximately 0.19 per cent of
the Company's issued share capital.  There remain 47,778,467 ordinary shares in
issue.

END




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