Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS


+-------------------------------------------------------------------+
| 1.  | Name of the issuer        | 2.  | State whether the         |
|     |                           |     | notification relates to   |
|     |                           |     | (i) a transaction         |
|     | NORTHERN 2 VCT PLC        |     | notified in accordance    |
|     |                           |     | with DTR 3.1.2 R          |
|     |                           |     |                           |
|     |                           |     | ; or                      |
|     |                           |     |                           |
|     |                           |     | (ii) a disclosure made in |
|     |                           |     | accordance with section   |
|     |                           |     | 793 of the Companies Act  |
|     |                           |     | 2006;                     |
|     |                           |     |                           |
|     |                           |     | (i)                       |
|-----+---------------------------+-----+---------------------------|
| 3.  | Name of person            | 4.  | State whether             |
|     | discharging managerial    |     | notification relates to a |
|     | responsibilities/director |     | person connected with a   |
|     |                           |     | person discharging        |
|     | Alastair Macbeth Conn     |     | managerial                |
|     |                           |     | responsibilities/director |
|     |                           |     | named in 3                |
|     |                           |     | and identify the          |
|     |                           |     | connected person          |
|     |                           |     | No                        |
|-----+---------------------------+-----+---------------------------|
| 5.  | Indicate whether the      | 6.  | Description of shares     |
|     | notification is in        |     | (including class),        |
|     | respect                   |     | debentures or derivatives |
|     | of a holding of the       |     | or financial              |
|     | person referred to in 3   |     | instruments relating to   |
|     | or 4 above or in respect  |     | shares                    |
|     | of a non-beneficial       |     |                           |
|     | interest3                 |     | ORDINARY SHARES OF 5      |
|     |                           |     | PENCE                     |
|     | AS IN 3 ABOVE             |     |                           |
|-----+---------------------------+-----+---------------------------|
| 7.  | Name of registered        | 8.  | State the nature of the   |
|     | shareholders(s) and, if   |     | transaction               |
|     | more than one, the number |     |                           |
|     | of shares held by         |     |                           |
|     | each of them              |     | ALLOTMENT OF SHARES IN    |
|     | Alastair Macbeth Conn     |     | RESPECT OF DIVIDEND       |
|     |                           |     | INVESTMENT SCHEME         |
|-----+---------------------------+-----+---------------------------|
| 9.  | Number of shares,         | 10. | Percentage of issued      |
|     | debentures or financial   |     | class acquired (treasury  |
|     | instruments relating to   |     | shares of that class      |
|     | shares acquired           |     | should not be taken into  |
|     |                           |     | account when calculating  |
|     | 6,108                     |     | percentage)               |
|     |                           |     |                           |
|     |                           |     | 0.01%                     |
|-----+---------------------------+-----+---------------------------|
| 11. | Number of shares,         | 12. | Percentage of issued      |
|     | debentures or financial   |     | class disposed (treasury  |
|     | instruments relating to   |     | shares of that class      |
|     | shares disposed           |     | should not be taken into  |
|     |                           |     | account when calculating  |
|     | N/A                       |     | percentage)               |
|     |                           |     | N/A                       |
|-----+---------------------------+-----+---------------------------|
| 13. | Price per share or value  | 14. | Date and place of         |
|     | of transaction            |     | transaction               |
|     | 76.6 PENCE                |     |                           |
|     |                           |     | 4 DECEMBER 2009,          |
|     |                           |     | NEWCASTLE UPON TYNE       |
|     |                           |     |                           |
|-----+---------------------------+-----+---------------------------|
| 15. | Total holding following   | 16. | Date issuer informed of   |
|     | notification and total    |     | transaction               |
|     | percentage holding        |     |                           |
|     | following notification    |     | 4 DECEMBER 2009           |
|     | (any treasury shares      |     |                           |
|     | should not be taken into  |     |                           |
|     | account when calculating  |     |                           |
|     | percentage)               |     |                           |
|     |                           |     |                           |
|     | 240,037 ORDINARY SHARES   |     |                           |
|     | OF 5 PENCE, 0.42%.        |     |                           |
|     |                           |     |                           |
+-------------------------------------------------------------------+



If a person discharging managerial responsibilities has been granted
options by the issuer complete the following boxes


+-------------------------------------------------------------------+
| 17. | Date of grant                | 18. | Period during which or |
|     |                              |     | date on which it can   |
|     |                              |     | be exercised           |
|     |                              |     |                        |
|-----+------------------------------+-----+------------------------|
| 19. | Total amount paid (if any)   | 20. | Description of shares  |
|     | for grant of the option      |     | or debentures involved |
|     |                              |     | (class and number)     |
|     |                              |     |                        |
|-----+------------------------------+-----+------------------------|
| 21. | Exercise price (if fixed at  | 22. | Total number of shares |
|     | time of grant) or indication |     | or debentures over     |
|     | that price is to be fixed at |     | which options held     |
|     | the time of exercise         |     | following notification |
|     |                              |     |                        |
|-----+------------------------------+-----+------------------------|
| 23. | Any additional information   | 24. | Name of contact and    |
|     |                              |     | telephone number for   |
|     |                              |     | queries                |
|     |                              |     |                        |
|     |                              |     | C D MELLOR 0191 244    |
|     |                              |     | 6012                   |
|     |                              |     |                        |
|-------------------------------------------------------------------|
|                                                                   |
| Name and signature of duly authorised officer of issuer           |
| responsible for making notification                               |
| CHRISTOPHER DAVID MELLOR                                          |
| COMPANY SECRETARY                                                 |
| __________________________________________________________        |
|                                                                   |
| Date of notification 4 DECEMBER 2009                              |
+-------------------------------------------------------------------+

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.