Northern 2 VCT PLC – Director/PDMR Shareholding

RNS Number:0654N
Northern 2 VCT PLC
01 December 2006

Northern 2 VCT PLC (the ‘Company’)

Director Shareholding

Further to the Issue of Equity announcement released earlier today, of the
58,228 ordinary shares allotted today under the terms of the Company’s
Dividend Investment Scheme, 1,737 ordinary shares were allotted to Mr A M Conn,
a director of the Company at a price of 83.5p per share. As a result of this
allotment, Mr Conn currently has a beneficial interest in 146,773 ordinary
shares of 5p each in the Company representing 0.30% per cent of the enlarged
issued share capital.

In addition, 699 ordinary shares were allotted to Mr F L G Neale, a director
of the Company at a price of 83.5p per share. As a result of this allotment,
Mr Neale currently has a beneficial interest in 59,068 ordinary shares of 5p
each in the Company representing 0.12% per cent of the enlarged issued share
capital.

In addition, 1,197 ordinary shares were allotted to Dr M W Ridley, a director
of the Company at a price of 83.5p per share. As a result of this allotment,
Dr Ridley currently has a beneficial interest in 217,121 ordinary shares of
5p each in the Company representing 0.44% per cent of the enlarged issued share
capital.

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