Issue of Equity

Northern 2 VCT PLC
07 April 2008


7 April 2008

NORTHERN 2 VCT PLC ('The Company')

RESULTS OF SHARE OFFER

The Company announces that as the closing of the 2007/08 Offer for Subscription
on Saturday 5 April 2008, applications had been received under the 2007/08 Offer
for 9,485,211 Ordinary Shares.

The 2008/09 Offer for Subscription will remain open until 5.00pm on Thursday 17
April 2008.


Enquiries:

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


END

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