Northern 2 VCT PLC (“the Company”)

Statement regarding top up offer

The Company is pleased to announce that, subject to obtaining the requisite shareholder authorities, it intends, in conjunction with Northern Venture Trust PLC and Northern 3 VCT PLC, to launch a linked non-prospectus top up offer of new ordinary shares for subscription in the 2018/2019 tax year (the "Offer").

Full details of the Offer (including confirmation of the amount to be raised and details of the arrangements for existing shareholders’ priority) will be announced in November, and it is expected that an offer document will be published by the Company in January 2019, which will be available on the NVM Private Equity website (www.nvm.co.uk).

Enquiries:

Tim Levett, Chairman, NVM Private Equity, Tel: 0118 951 7000

James Bryce, Company Secretary, Northern 2 VCT PLC, Tel: 0191 244 6000

26 September 2018

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.