Transaction in Own Shares

Northern 2 VCT PLC
17 May 2005


NORTHERN 2 VCT PLC ('The Company')

PURCHASE OF OWN SHARES

The Company announces that on 28 April 2005 it purchased for cancellation under
an existing authority granted by shareholders 10,000 ordinary shares of 5p each
in the market at a price of 76.3p, representing approximately 0.01 per cent of
the Company's issued share capital.  There remain 43,911,203 ordinary shares in
issue.

END




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