Result of AGM

31 JULY 2014

NORTHERN 2 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 2 VCT PLC ("the Company") announces that at the annual general meeting held on 30 July 2014 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 F L G Neale and Mr D P A Gravells.

In accordance with the Disclosure Rules and Transparency Rules, a copy of the resolutions proposed and passed (including the resolution which amended the Company's articles of association and a copy of the amended articles of association) have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.doc and is also available on the NVM Private Equity website at: www.nvm.co.uk/n2vctagm2014.

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 2014	10,947,146	420,273	7,603	27,263
2	To approve the Directors' remuneration report in respect of the year ended 31 March 2014 other than the part of such report containing the Directors' remuneration policy	10,393,664	458,742	238,281	311,598
3	To approve the directors' remuneration policy contained in the Directors'' remuneration report for the year ended 31 March 2014	10,266,970	452,237	238,645	444,433
4	To re-elect Mr A M Conn as a director	10,760,953	436,584	128,399	76,349
5	To re-elect Mr E M P Denny as a director	10,647,662	460,945	209,896	83,782
6	To re-elect Mr C G A Fletcher as a director	10,753,495	436,584	125,857	86,349
7	To re-elect Mr F L G Neale as a director	10,719,825	436,584	152,094	93,782
8	To re-elect Mr D P A Gravells as a director	10,719,498	436,584	151,311	94,892
9	To re-appoint KPMG LLP as independent auditor	10,674,957	420,273	258,077	48,978
10	To authorise the directors to fix the remuneration of the independent auditor	10,912,087	427,876	40,414	21,908
11	To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006	10,635,429	547,876	205,922	13,058
12	To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities and the sale of treasury shares	10,422,006	439,297	481,795	59,187
13	To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006	10,862,382	430,269	96,576	13,058
14	To amend the articles of association of the Company	10,527,656	478,693	256,353	139,583
15	To authorise the proposed amendments to the Management Agreement and to authorise the Company to enter into an amended and restated management agreement	9,617,238	584,888	434,215	765,944

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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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Northern 2 VCT PLC via Globenewswire

HUG#1845170