Issue of Equity

4 December 2009

NORTHERN 2 VCT PLC ("The Company")

Issue of Shares AND TOTAL VOTING RIGHTS

The Company announces  that on  4 December 2009  it allotted  142,153
ordinary shares of 5p  each to shareholders  who agreed to  subscribe
for shares  under  the terms  of  the Company's  Dividend  Investment
Scheme.  The subscription price was  76.6p per share.  Following  the
above allotment, there are 57,103,761 ordinary shares in issue.

Application will be made at the earliest practicable opportunity  for
these shares,  which  will rank  pari  passu with  existing  ordinary
shares, to  be  admitted to  the  Official  List of  the  UK  Listing
Authority and to trading  on the London  Stock Exchange's market  for
listed securities.

In conformity with the  Transparency Directive, the Company  notifies
the market that  the capital  of the Company  consists of  57,103,761
ordinary shares with a nominal value of 5p each.  All the shares have
voting rights.

The Company does not hold any ordinary shares in treasury.

Therefore, the  total  number of  voting  rights in  the  Company  is
57,103,761 (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