13 JULY 2017

NORTHERN 2 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 2 VCT PLC ("the Company") announces that at the annual general meeting held on 12 July 2017 all of the resolutions set out in the notice of meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Mr A M Conn, Mr D P A Gravells, Mr F L G Neale, Mr S P Devonshire and Miss C A McAnulty.

Following the retirement from the board of Mr C G A Fletcher at the conclusion of the annual general meeting, Miss C A McAnulty was appointed as the chairman of the Company's audit committee.

Details of proxy voting on the resolutions put to shareholders at the annual general meeting are as follows:

Number	Resolution	For	No preference	Against	Vote withheld
1	To receive and approve the financial statements for the year ended 31 March 2017	9,349,020	451,799	0	9,358
2	To approve and declare a final dividend of 3.5p per share in respect of the year ended 31 March 2017	9,370,483	439,694	0	0
3	To approve the Directors' remuneration report in respect of the year ended 31 March 2017 other than the part of such report containing the directors' remuneration policy	8,695,648	449,694	477,662	187,173
4	To approve the directors' remuneration policy contained in the directors' remuneration report for the year ended 31 March 2017	8,618,239	452,431	522,859	216,648
5	To re-elect Mr A M Conn as a director	9,070,600	512,094	114,763	112,720
6	To re-elect Mr D P A Gravells as a director	8,978,869	520,745	187,364	123,199
7	To re-elect Mr F L G Neale as a director	8,921,865	496,613	181,556	210,143
8	To re-elect Mr S P Devonshire	8,963,409	502,008	142,050	202,710
9	To re-elect Miss C A McAnulty as a director	8,838,582	496,613	237,965	237,017
10	To re-appoint KPMG LLP as independent auditor	8,960,504	504,318	184,442	160,913
11	To authorise the audit committee to fix the remuneration of the independent auditor	9,267,481	468,615	40,838	33,243
12	To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006	9,214,288	439,694	65,943	90,252
13	To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities and the sale of treasury shares	8,920,549	439,694	315,563	134,371
14	To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006	9,288,209	418,673	79,085	24,210

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000
Website:  www.nvm.co.uk

Neither the contents of the NVM Private Equity LLP website nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP website (or any other website) is incorporated into, or forms part of, this announcement.

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