Portfolio update

10 JUNE 2013

NORTHERN 2 VCT PLC

PORTFOLIO UPDATE

Northern 2 VCT PLC ("Northern 2 VCT") announces the sale of its investment in IG Doors Limited ("IG Doors"), which manufactures steel and GRP composite doors, to the Hörmann Group.

Northern 2 VCT received cash proceeds of £1.62 million for its holding of ordinary shares in IG Doors.  The carrying value of the investment in IG Doors in Northern 2 VCT's audited financial statements for the year ended 31 March 2013, published on 30 May 2013, was £1.27 million.  The uplift in Northern 2 VCT's net assets resulting from the sale is therefore £0.35 million, equivalent to approximately 0.5p per ordinary share.

For further information, please contact:

NVM Private Equity Limited
Alastair Conn/Christopher Mellor             0191 244 6000

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Source: Northern 2 VCT PLC via Thomson Reuters ONE

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