Issue of Equity

Northern 2 VCT PLC
07 April 2008

7 April 2008


NORTHERN 2 VCT PLC ('The Company')

ISSUE OF ORDINARY SHARES

The Company announces that on 5 April 2008 it allotted to 14 subscribers 285,513
ordinary shares of 5p each under the 2007/08 Offer for Subscription.  The new
Ordinary Shares were issued at a price of 95p 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 56,667,922 Ordinary Shares.


Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website:  www.nvm.co.uk


END

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