REG-Result of AGM

Northern 2 VCTAnnouncement

06/08/2025 16:00

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6 AUGUST 2025

NORTHERN 2 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 2 VCT PLC (“the Company”) announces that, at the Annual General
Meeting held on 6 August 2025, all of the resolutions set out in the notice of
the meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Mr Thomas Chambers, Mr
David Gravells, Mr Simon Devonshire and Ms Ranjan Ramparia.

Ms Cecilia McAnulty did not stand for re-election at the AGM and retired as a
director of the Company at the conclusion of the AGM.

Whilst Mr Gravells has been re-elected as a director, he has stood down as
Chair of the Board. Mr Chambers has succeeded Mr Gravells as Chair of the
Board.

A copy of the resolutions proposed and passed has been submitted to the
National Storage Mechanism and will also be available from:
www.mercia.co.uk/vcts/n2vct/.

Details of proxy voting on the resolutions put to shareholders at the Annual
General Meeting are as follows:

 Number  Resolution                                                                                                                                                                                                          For         Discretionary  Against  Vote Withheld  
 1       To receive and approve the Company’s annual report and financial statements for the year ended 31 March 2025 together with the strategic report, Directors’ report and independent auditor’s report thereon.        11,381,274  302,139        0        80,311         
 2       To approve and declare a final dividend of 1.3p per share in respect of the year ended 31 March 2025                                                                                                                11,251,254  440,509        11,800   60,161         
 3       To approve the Directors’ remuneration report in respect of the year ended 31 March 2025 other than the part of such report containing the Director’ remuneration policy                                            10,139,115  747,161        661,241  216,207        
 4       To re-elect Mr D P A Gravells as a Director                                                                                                                                                                         10,036,101  336,554        914,516  476,553        
 5       To re-elect Mr T Chambers as a Director                                                                                                                                                                             10,571,509  336,554        423,072  432,589        
 6       To re-elect Mr S P Devonshire as a Director                                                                                                                                                                         10,117,929  336,554        566,971  742,270        
 7       To re-elect Miss R K Ramparia as a Director                                                                                                                                                                         10,396,293  336,554        599,508  431,369        
 8       To appoint Johnston Carmichael LLP as independent auditor                                                                                                                                                           11,047,115  321,571        193,654  201,384        
 9       To authorise the Aduit & Risk Committee to fix the remuneration of the independent auditor                                                                                                                          11,098,914  412,967        122,818  129,025        
 10      To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 for the purposes of the Offer                                                                                          10,617,264  398,541        533,227  214,692        
 11      To generally authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006                                                                                                              10,508,280  440,115        525,810  289,519        
 12      To disapply Section 561(1) of the Companies Act 2006 in relation to certain allotments of equity securities for the purposes of the Offer                                                                           10,090,639  424,620        857,863  390,602        
 13      To disapply Section 561(1) of the Companies Act 2006 in relation to certain other allotments of equity securities                                                                                                   10,064,016  458,939        883,027  357,742        
 14      To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006                                                                                       11,025,830  358,352        71,360   308,182        
 15      To adopt new articles of association                                                                                                                                                                                10,744,449  378,780        331,844  308,651        
 16      To cancel the share premium account and credit the amount so cancelled to a special reserve of the Company                                                                                                          10,883,847  377,032        99,707   403,138        

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
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website (or any other website) are not incorporated into, nor form part of,
this announcement