Result of EGM

Northern 2 VCT PLC
12 November 2007


NORTHERN 2 VCT PLC


RESULT OF EXTRAORDINARY GENERAL MEETING


Northern 2 VCT PLC (the 'Company') announces that at the extraordinary general
meeting held on 12 November 2007 all of the resolutions set out in the notice of
meeting were duly passed by shareholders.


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


Number      Resolution                               For          Against     Discretionary       Abstentions

1           To amend Article 27 of the         7,031,360          327,403            88,413            29,696
            articles of association

2           To increase the authorised         7,002,696          368,045            71,435            34,696
            share capital of the company
            from £3,000,000 to
            £3,250,000

3           To authorise the directors         6,980,150          338,245            79,930            78,547
            to allot shares and to
            disapply section 89 of the
            Companies Act 1985 in
            relation to the allotment of
            equity securities


For further enquiries please contact the Company Secretary:

Christopher Mellor          (0191 244 6012)



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