3 NOVEMBER 2017

NORTHERN 2 VCT PLC

NOTIFICATION OF TRANSACTION BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR")

Northern 2 VCT PLC ("the Company") has been notified that, has been notified that in respect of the allotment of new ordinary shares pursuant to the Prospectus published on 21 September 2017, the following PDMR acquired ordinary shares of 5 pence each in the Company.

PDMR	Date acquired	No. of shares acquired	Purchase price per share (£)	Total current shareholding
Frank Leslie George Neale	3 November 2017	35,818	£0.698	140,848

The Notification of Dealing Form for the above PDMR can be found below.
This notification is made in accordance with the Market Abuse Regulation.

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.

NOTIFICATION OF DEALING FORM 

1   Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Frank Leslie George Neale

2   Reason for the notification

a)	Position/status	Director
b)	Initial notification/ Amendment	Initial Notification

3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)	Name	Northern 2 VCT PLC
b)	LEI	213800K2EJ4CM6G9K687

4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 5p each         GB0005356430
b)	Nature of the transaction	Allotment of new ordinary shares pursuant to the Prospectus published on 21 September 2017
c)	Price(s) and volume(s)	Price(s)  £0.698 Volume(s)  35,818
d)	Aggregated information  - Aggregated volume - Price	Aggregate price   £0.698   Aggregate volume  35,818   Aggregate total  £25,000.00
e)	Date of the transaction	3 November 2017
f)	Place of the transaction	XLON

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