Purchase of Own Securities

Northern 2 VCT PLC
16 July 2003

NORTHERN 2 VCT PLC (The 'Company')

PURCHASE OF OWN SHARES

The Company announces that on 16 July 2003 it purchased for cancellation under
an existing authority granted by shareholders 22,500 ordinary shares of 5p each
in the market at a price of 73p, representing approximately 0.05 per cent of the
company's issued share capital.  There remain 44,935,205 ordinary shares in
issue.

END




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