Transaction in Own Shares

22 MAY 2012

NORTHERN 2 VCT PLC

TRANSACTION IN OWN SHARES AND TOTAL VOTING RIGHTS

Northern 2 VCT PLC ("the Company") announces that on 21 May 2012 it purchased for cancellation under an existing authority granted by shareholders 108,303 ordinary shares of 5p each in the market at a price of 68.25p, representing approximately 0.15 per cent of the Company's issued ordinary share capital.  There remain 69,950,091 ordinary shares in issue.

In conformity with the Transparency Directive, the Company notifies the market that the capital of the Company consists of 69,950,091 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 69,950,091 (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.

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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

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