Issue of Equity

Northern 2 VCT PLC
06 April 2006


Northern 2 VCT PLC ('The Company')

Issue of Ordinary Shares

The Company announces that on 5 April 2006 it issued and allotted to 403
subscribers 4,471,905 Ordinary Shares of 5p each under the 2005/06 Offer for
Subscription.  The new Ordinary Shares were issued at a price of 91p per share.

Application will be made at the earliest practicable opportunity for these
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.

The issued share capital of the Company is now 49,356,891 Ordinary Shares.


ENDS











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