Corporate Action

Northern 2 VCT PLC
18 January 2001

ENTITLEMENT ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *NTV
SEDOL CODE              *535-643
TERMS                   *1 Offer Share for every Share held at 105p
EX DATE                 *18-01-01
RECORD DATE             *Info n/av
RECEIPT OF APPLICATION FORMS *15-02-01
DEALING COMMENCE NEW SHARES *26-02-01
NOTES *Awaiting confirmation of Record Date