Transaction in Own Shares

Northern 2 VCT PLC
19 November 2004


NORTHERN 2 VCT PLC

PURCHASE OF OWN SHARES

The Company announces that on 19 November 2004 it purchased for cancellation
under an existing authority granted by shareholders 10,000 ordinary shares of 5p
each in the market at a price of 78p, representing approximately 0.02 per cent
of the Company's issued share capital. There remain 44,127,005 ordinary shares
in issue.

End




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