Transaction in Own Shares

Northern 2 VCT PLC
25 May 2006


NORTHERN 2 VCT PLC ('The Company')

PURCHASE OF OWN SHARES

The Company announces that on 24 May 2006 it purchased for cancellation under an
existing authority granted by shareholders 32,500 ordinary shares of 5p each in
the market at a price of 77.4p, representing approximately 0.07 per cent of the
Company's issued share capital.  There remain 49,169,391 ordinary shares in
issue.

END




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