Transaction in Own Shares

Northern 2 VCT PLC
01 February 2007


NORTHERN 2 VCT PLC ('The Company')

PURCHASE OF OWN SHARES

The Company announces that on 31 January 2007 it purchased for cancellation
under an existing authority granted by shareholders 215,345 ordinary shares of
5p each in the market at a price of 75.2p, representing approximately 0.45 per
cent of the Company's issued share capital. There remain 48,274,012 ordinary
shares in issue.


END




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