TIDMNTV 
 
 
   17 DECEMBER 2013 
 
   NORTHERN 2 VCT PLC 
 
   PORTFOLIO UPDATE 
 
   Northern 2 VCT PLC ("Northern 2 VCT") announces that it has exchanged 
contracts for the sale of its investment in Denara Holdings Limited 
("Denara"), the parent company of the managed IT services provider 
e-know.net, to Nasstar plc ("Nasstar").  Completion of the sale, which 
is subject to approval by the shareholders of Nasstar at a general 
meeting to be held on 9 January 2014 and to completion of a share 
placing by Nasstar, is expected to take place on 10 January 2014. 
 
   Northern 2 VCT expects to receive total consideration of GBP1.53 million 
for its holding of ordinary shares in Denara, comprising GBP1.14 million 
in cash and 7,787,902 new ordinary shares of 1p in Nasstar with a value 
(at the deemed issue price of 5p per share) of GBP0.39 million.  The 
carrying value of the investment in Denara in Northern 2 VCT's unaudited 
half-yearly financial statements for the six months ended 30 September 
2013, published on 12 November 2013, was GBP1.17 million.  The 
prospective uplift in Northern 2 VCT's net assets resulting from the 
sale, if completed, is therefore GBP0.36 million, equivalent to 
approximately 0.4p per share. 
 
   A further announcement will be made once completion has taken place. 
 
   For further information, please contact: 
 
   NVM Private Equity Limited 
 
   Alastair Conn/Christopher Mellor             0191 244 6000 
 
   Neither the contents of the NVM Private Equity Limited website nor the 
contents of any website accessible from hyperlinks on the NVM Private 
Equity Limited website (or any other website) is incorporated into, or 
forms part of, this announcement. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX 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 
 
   HUG#1750613 
 
 
  http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php
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