REG-Issue of Equity <Origin Href="QuoteRef">NTV.L</Origin>

Northern 2 VCTAnnouncement

03/11/2017 11:30

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3 NOVEMBER 2017

NORTHERN 2 VCT PLC

ISSUE OF EQUITY AND TOTAL VOTING RIGHTS

Northern 2 VCT PLC ("the Company") announces that on 3 November 2017 it
allotted 24,818,214  ordinary shares of 5p each in respect of the offer of
new ordinary shares for subscription in the 2017/18 tax year, pursuant to the
prospectus published on 21 September 2017 ("the Prospectus").  In accordance
with the Pricing Formula set out in the Prospectus, the new ordinary shares
were issued at prices between 69.6185 pence per share and 72.3851pence per
share depending on the level of Promoter's Fee and Adviser Charge (if
applicable) pertaining to each application.

Following the above allotment, there are 126,218,569 ordinary shares in
issue.  The Company does not hold any ordinary shares in treasury.

Application will be made for the new ordinary shares, which will rank pari
passu with the existing ordinary shares, to be admitted to the Official List
of the UK Listing Authority and to trading on the London Stock Exchange's main
market for listed securities, and dealings are expected to commence on 7
November 2017.

The offer of new ordinary shares to raise a total of up to £20 million in
the 2017/18 tax year as set out in the Prospectus remains open for
subscription until 5 April 2018, unless fully subscribed at an earlier date
and subject to the directors' right to close the offer at any time.

In conformity with the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules (the "DTRs"), the Company notifies the market that the
capital of the Company consists of 126,218,569 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 126,218,569 ("the Figure").  The Figure
may be used by a shareholder or other person as the denominator for the
calculations by which he will determine if he is required to notify the voting
rights he holds in relation to the Company, or a change to those voting
rights, under the DTRs.

Defined terms in this announcement have the same meaning as in the prospectus
published on 21 September 2017.

Enquiries:

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

Neither the contents of the NVM Private Equity LLP website nor the contents of
any website accessible from hyperlinks on the NVM Private Equity LLP website
(or any other website) is incorporated into, or forms part of, this
announcement.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Northern 2 VCT PLC via Globenewswire