Result of AGM

11 July 2012

NORTHERN 2 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 2 VCT PLC ("the Company") announces that at the annual general meeting held on 11 July 2012 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 C G A Fletcher, Mr D P A Gravells and Mr F L G Neale.

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 financial statements for the year ended 31 March 2012	6,985,983	200,947	11,645	0
2	To declare a final dividend of 3.5p per share in respect of the year ended 31 March 2012	7,001,089	179,368	9,523	8,595
3	To approve the directors' remuneration report in respect of the year ended 31 March 2012	6,665,056	178,969	193,047	161,503
4	To re-elect Mr A M Conn as a director	6,836,400	225,308	53,486	83,381
5	To re-elect Mr E M P Denny as a director	6,737,753	225,308	152,133	83,381
6	To re-elect Mr C G A Fletcher as a director	6,842,099	225,308	66,430	64,738
7	To re-elect Mr D P A Gravells as a director	6,779,431	225,308	135,455	58,381
8	To re-elect Mr F L G Neale as a director	6,794,892	225,308	88,637	89,738
9	To reappoint KPMG Audit Plc as independent auditors	6,819,155	195,947	130,501	52,972
10	To authorise the directors to fix the remuneration of the independent auditors	6,865,549	244,143	58,534	30,349
11	To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006	6,740,934	183,891	217,171	56,579
12	To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities and the sale of treasury shares	6,605,755	162,785	330,380	99,655
13	To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006	6,900,887	193,415	98,023	6,250

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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