20 JULY 2018

NORTHERN 2 VCT PLC

ISSUE OF EQUITY AND TOTAL VOTING RIGHTS

Northern 2 VCT PLC (“the Company”) announces that on 20 July 2018 it allotted 1,301,648 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 63.4p per share.  Following the above allotment, there are 131,391,138 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 Guidance and Transparency Rules (the “DTRs”), the Company notifies the market that the capital of the Company as at 20 July 2018 consists of 131,391,138 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 131,391,138 (“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:

Simon John/James Bryce, 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.