Northern 2 VCT PLC – Issue of Equity

1st June 2006

RNS Number:9600D
Northern 2 VCT PLC
02 June 2006

Northern 2 VCT PLC (‘The Company’)

Issue of Shares

The Company announces that on 2 June 2006 the Company allotted 226,023 ordinary
shares of 5p each to shareholders who agreed to subscribe for shares under the
terms of the Company’s Dividend Investment Scheme. The subscription price was
85.9p per share. Following the above allotment, there are 49,395,414 ordinary
shares in issue.

Application will be made at the earliest practicable opportunity for these
shares, which will rank pari passu with existing ordinary shares, to be admitted
to the Official List of the UK Listing Authority and to trading on the London
Stock Exchange’s market for listed securities.


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