Transaction in Own Shares

Northern 2 VCT PLC
01 May 2007


NORTHERN 2 VCT PLC ('The Company')

PURCHASE OF OWN SHARES

The Company announces that on 30 April 2007 it purchased for cancellation under
an existing authority granted by shareholders 125,523 ordinary shares of 5p each
in the market at a price of 76.0p, representing approximately 0.26 per cent of
the Company's issued share capital.  There remain 47,851,696 ordinary shares in
issue.

END




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