Transaction in Own Shares

18 MAY 2010

NORTHERN 2 VCT PLC ("the Company")

PURCHASE OF OWN SHARES AND TOTAL VOTING RIGHTS

The Company announces that on 17 May 2010 it purchased for cancellation under an
existing authority granted by shareholders 200,000 ordinary shares of 5p each in
the market at a price of 64.0p, representing approximately 0.35 per cent of the
Company's issued ordinary share capital.  There remain 56,503,761 ordinary
shares in issue.

In  conformity with the Transparency Directive,  the Company notifies the market
that  the capital of  the Company consists  of 56,503,761 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 56,503,761 (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 and Transparency Rules.

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website:  www.nvm.co.uk <

http://www.nvm.co.uk/>


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