Result of AGM

28 JULY 2023

NORTHERN 2 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 2 VCT PLC (“the Company”) announces that at the Annual General Meeting held on 28 July 2023 all of the resolutions set out in the notice of the meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Mr David Gravells, Mr Simon Devonshire, Ms Cecilia McAnulty and Ms Ranjan Ramparia.

Mr Frank Neale did not stand for re-election at the AGM and has resigned as director of the Company at the conclusion of the AGM.

In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, a copy of the resolutions proposed and passed has been submitted to the National Storage Mechanism and will also be available from: www.mercia.co.uk/vcts/n2vct/.

Details of proxy voting on the resolutions put to shareholders at the Annual General Meeting are as follows:

Number	Resolution	For	Discretionary	Against	Vote Withheld
1	To receive and approve the Company’s annual report and financial statements for the year ended 31 March 2023 together with the strategic report, Directors’ report and independent auditor’s report thereon	11,134,772	336,957	50,295	29,934
2	To approve and declare a final dividend of 1.3p per share in respect of the year ended 31 March 2023	11,240,527	276,749	18,107	16,575
3	To approve the Directors’ remuneration report in respect of the year ended 31 March 2023 other than the part of such report containing the Directors’ remuneration policy	10,149,396	336,957	732,278	333,327
4	To approve the Directors’ remuneration policy, as set out on page 44 of the Company’s annual report and financial statements for the year ended 31 March 2023	10,106,580	336,957	786,886	321,535
5	To re-elect Mr D P A Gravells as a director	10,541,128	353,642	549,596	107,592
6	To re-elect Mr S P Devonshire as a director	10,326,435	360,986	761,549	102,988
7	To re-elect Ms C A McAnulty as a director	10,589,836	360,986	525,147	75,989
8	To re-elect Ms R K Ramparia as a director	10,231,959	360,986	856,025	102,988
9	To re-appoint Mazars LLP as independent auditor	10,802,358	336,957	260,785	151,858
10	To authorise the audit committee to fix the remuneration of the independent auditor	10,994,974	336,957	184,253	35,774
11	To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 for the purposes of the Offer	10,099,758	340,410	727,205	384,585
12	To generally authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006	10,413,687	315,516	770,096	52,659
13	To disapply Section 561(1) of the Companies Act 2006 in relation to allotments of equity securities for the purposes of the Offer	9,308,510	314,878	1,246,329	682,241
14	To disapply Section 561(1) of the Companies Act 2006 in relation to certain other allotments of equity securities	9,625,222	307,478	1,212,047	407,211
15	To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006	11,011,586	314,878	196,864	28,630
16	To amend the articles of association to extend the life of the Company	10,182,629	339,048	992,663	37,618
17	To approve the cancellation of the share premium account arising following the issue of Ordinary Shares pursuant to the Offer	10,776,772	336,875	392,669	45,642

Enquiries:

Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430

Website: www.mercia.co.uk/vcts

The contents of the Mercia Asset Management PLC website and the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website) are not incorporated into, nor form part of, this announcement.