Offer Update

14 FEBRUARY 2012

NORTHERN 2 VCT PLC

OFFER FOR SUBSCRIPTION UPDATE

Northern 2 VCT PLC ("the Company") announces that the offer for subscription of new ordinary shares to raise up to £15,000,000 in the 2011/12 and 2012/13 tax years which was launched on 9 November 2011 ("the Offer") is now fully subscribed and no further applications will be accepted.  A total of 15,509,777 new ordinary shares have been allotted to date pursuant to the Offer and it is expected that a further 1,419,781 shares will be allotted at a price of 82p per share on 16 February 2012.

£1,164,009 has been subscribed under the Offer for allotment in the 2012/13 tax year and it is expected that the resulting new ordinary shares will be allotted on 10 April 2012.

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website:  www.nvm.co.uk

Neither the contents of the NVM Private Equity Limited website nor the contents of any website accessible from hyperlinks on the NVM Private Equity Limited website (or any other website) is incorporated into, or forms part of, this announcement.

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Source: Northern 2 VCT PLC via Thomson Reuters ONE

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