Transaction in Own Shares

Northern 2 VCT PLC
21 October 2005


NORTHERN 2 VCT PLC ('The Company')
PURCHASE OF OWN SHARES

The Company announces that on 20 October 2005 it purchased for cancellation
under an existing authority granted by shareholders 45,000 ordinary shares of 5p
each in the market at a price of 80.1p, representing approximately 0.10 per cent
of the Company's issued share capital.  There remain 43,347,697 ordinary shares
in issue.
END




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