Result of AGM

19 July 2011

NORTHERN 2 VCT PLC ("the Company")

RESULT OF ANNUAL GENERAL MEETING

The Company announces that at the annual general meeting held on 19 July 2011
all of the resolutions set out in the notice of meeting were duly passed by
shareholders.

The resolutions included those to re-elect as directors Mr A M Conn,
Mr E M P Denny, Mr F L G Neale and  Mr D P A Gravells.

Further to the announcement on 26 May 2011, Professor Sir Frederick Holliday
retired from the board at the conclusion of the annual general meeting.  Mr
Frank Neale has been appointed as the senior non-executive director of the
Company with effect from 19 July 2011.

Details of proxy voting on the resolutions put to shareholders at the annual
general meeting are as follows:

+------+----------------+---------+-------------+-------+------------+---------+
|Number|Resolution      |      For|Discretionary|Against|        Vote|         |
|      |                |         |             |       |    withheld|         |
+------+----------------+---------+-------------+-------+------------+---------+
|1     |To receive the  |5,069,818|      191,898|  7,655|           0|5,269,371|
|      |financial       |         |             |       |            |         |
|      |statements for  |         |             |       |            |         |
|      |the 14 months   |         |             |       |            |         |
|      |ended 31 March  |         |             |       |            |         |
|      |2011            |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|2     |To declare a    |5,099,052|      170,319|      0|           0|5,269,371|
|      |final dividend  |         |             |       |            |         |
|      |of 3.5p per     |         |             |       |            |         |
|      |share in respect|         |             |       |            |         |
|      |of the 14 months|         |             |       |            |         |
|      |ended 31 March  |         |             |       |            |         |
|      |2011            |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|3     |To approve the  |4,653,733|      210,818|233,852|     170,968|5,269,371|
|      |directors'      |         |             |       |            |         |
|      |remuneration    |         |             |       |            |         |
|      |report          |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|4     |To re-elect Mr A|4,867,218|      191,898| 23,919|     186,336|5,269,371|
|      |M Conn as a     |         |             |       |            |         |
|      |director        |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|5     |To re-elect Mr E|4,839,270|      202,499| 41,266|     186,336|5,269,371|
|      |M P Denny as a  |         |             |       |            |         |
|      |director        |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|6     |To re-elect Mr F|4,850,902|      191,898| 40,235|     186,336|5,269,371|
|      |L G Neale as a  |         |             |       |            |         |
|      |director        |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|7     |To re-elect Mr D|4,867,192|      191,898| 23,945|     186,336|5,269,371|
|      |P A Gravells as |         |             |       |            |         |
|      |a director      |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|8     |To reappoint    |4,829,758|      215,951|173,384|      50,278|5,269,371|
|      |KPMG Audit Plc  |         |             |       |            |         |
|      |as independent  |         |             |       |            |         |
|      |auditors        |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|9     |To authorise the|4,996,655|      196,898| 54,037|      21,781|5,269,371|
|      |directors to fix|         |             |       |            |         |
|      |the remuneration|         |             |       |            |         |
|      |of the          |         |             |       |            |         |
|      |independent     |         |             |       |            |         |
|      |auditors        |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|10    |To authorise the|4,958,046|      196,898| 91,463|      22,964|5,269,371|
|      |directors to    |         |             |       |            |         |
|      |allot shares    |         |             |       |            |         |
|      |pursuant to     |         |             |       |            |         |
|      |Section 551 of  |         |             |       |            |         |
|      |the Companies   |         |             |       |            |         |
|      |Act 2006        |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|11    |To disapply     |4,765,879|      168,942|211,533|     123,017|5,269,371|
|      |Section 561 of  |         |             |       |            |         |
|      |the Companies   |         |             |       |            |         |
|      |Act 2006 in     |         |             |       |            |         |
|      |relation to     |         |             |       |            |         |
|      |certain         |         |             |       |            |         |
|      |allotments of   |         |             |       |            |         |
|      |equity          |         |             |       |            |         |
|      |securities and  |         |             |       |            |         |
|      |the sale of     |         |             |       |            |         |
|      |treasury shares |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+
|12    |To authorise the|4,965,538|      197,428| 76,102|      30,303|5,269,371|
|      |Company to make |         |             |       |            |         |
|      |market purchases|         |             |       |            |         |
|      |of ordinary     |         |             |       |            |         |
|      |shares in       |         |             |       |            |         |
|      |accordance with |         |             |       |            |         |
|      |Section 701 of  |         |             |       |            |         |
|      |the Companies   |         |             |       |            |         |
|      |Act 2006        |         |             |       |            |         |
+------+----------------+---------+-------------+-------+------------+---------+

Enquiries:

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

Neither  the contents of the NVM Private Equity Limited website nor the contents
of  any website  accessible from  hyperlinks on  the NVM  Private Equity Limited
website  (or any  other website)  is incorporated  into, or  forms part of, this
announcement.








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Source: Northern 2 VCT PLC via Thomson Reuters ONE

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