Issue of Equity

5 Dec 2008 10:29

5 December 2008

NORTHERN 2 VCT PLC ("The Company")

Issue of Shares

The Company announces that on 5 December 2008 it allotted 151,931 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 74.7p per share. Following the above allotment, there are 56,855,661 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.

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000

Website: www.nvm.co.uk

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