REG-Issue of Equity and Total Voting Rights

Northern 2 VCTAnnouncement

05/09/2025 08:00

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5 SEPTEMBER 2025

NORTHERN 2 VCT PLC

ISSUE OF EQUITY AND TOTAL VOTING RIGHTS

Northern 2 VCT PLC (“the Company”) announces that on 5 September 2025 it
allotted 719,566 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 56.9p per share. Following the above
allotment there are 241,200,293 ordinary shares in issue.

An application will be made at the earliest practicable opportunity for the
new ordinary shares, which will rank pari passu with the existing ordinary
shares, to be admitted to the Official List of the Financial Conduct Authority
(“the FCA”) and to trading on the London Stock Exchange’s market for
listed securities, and dealings are expected to commence on or around 10
September 2025.

In conformity with the FCA’s Disclosure Guidance and Transparency Rules (the
“DTRs”), the Company notifies the market that the capital of the Company
consists of 241,200,293 ordinary shares with a nominal value of 5p each. All
the ordinary shares have voting rights. The Company does not hold any ordinary
shares in treasury. The total number of voting rights in the Company is
therefore 241,200,293 (“the Figure”). The Figure may be used by a
shareholder or other person as the denominator for the calculations by which
they will determine if they are required to notify the voting rights they hold
in relation to the Company, or a change to those voting rights, under the
DTRs.

Enquiries:

Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430

Website: www.mercia.co.uk/vcts

The contents of the Mercia Asset Management PLC website and the contents of
any website accessible from hyperlinks on the Mercia Asset Management PLC
website (or any other website) are not incorporated into, nor form part of,
this announcement