Purchase of Own Securities

Northern 2 VCT PLC
20 December 2001

Northern 2 VCT PLC (the 'Company')

Purchase of own shares

The Company announces that on 19 December 2001 it purchased for cancellation
under an existing authority granted by shareholders 10,000 ordinary shares of
5p each in the market at a price of 80p, representing approximately 0.02 per
cent of the Company's issued share capital. There remain 45,162,605 ordinary
shares in issue.