Transaction in Own Shares and Total Voting Rights

2 2 JUNE 202 2

NORTHERN 2 VCT PLC

TRANSACTION IN OW N SHARES

Northern 2 VCT PLC (“the Company”) announces that on 22 June 2022 it purchased for cancellation under an existing authority granted by shareholders 527,112 ordinary shares of 5p each in the market at a price of 61.18p, representing approximately 0.28 per cent of the Company's issued ordinary share capital. There remain 187,978,312 ordinary shares in issue.

In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company notifies the market that the capital of the Company consists of 187,978,312 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in the Company is therefore 187,978,312 (“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 DTRs.

Enquiries:

Graham Venables/James Sly, Mercia Fund Management Limited – 0330 223 1430
Website: www.mercia.co.uk

The contents of the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are not incorporated into, or form part of, this announcement.