21 JULY 2017

NORTHERN 2 VCT PLC

ISSUE OF EQUITY AND TOTAL VOTING RIGHTS

Northern 2 VCT PLC ("the Company") announces that on 21 July 2017 it allotted 2,269,295 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 68.1p per share.  Following the above allotment, there are 101,400,355 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 Financial Conduct Authority's Disclosure Rules and Transparency Rules, the Company notifies the market that the capital of the Company as at 21 July 2017 consists of 101,400,355 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 101,400,355 ("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 Financial Conduct Authority's Disclosure Rules and Transparency Rules.

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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