Statement re Share Buy-Back Policy

9 JANUARY 2013

NORTHERN 2 VCT PLC

SHARE BUY-BACK POLICY

Northern 2 VCT PLC ("the Company") announces that, following a review by the directors, the Company's policy with effect from the date of this announcement will be to buy back its shares in the market at a 10% discount to the latest published net asset value, subject to applicable legislation, market conditions, shareholder authority and the availability of liquid funds and distributable reserves.  Previously it was the Company's policy to buy back its shares in the market at a 15% discount to the latest published net asset value.

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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Source: Northern 2 VCT PLC via Thomson Reuters ONE

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