TIDMNTV 
 
 
   17 JANUARY 2014 
 
   NORTHERN 2 VCT PLC 
 
   SHAREHOLDER MEETING:  proposed CANCELLATION OF AMOUNTS STANDING TO THE 
CREDIT OF SHARE PREMIUM ACCOUNT AND CAPITAL REDEMPTION RESERVE 
 
   Northern 2 VCT PLC ("the Company") announces that a circular ("the 
Circular") has today been posted to shareholders giving notice of a 
shareholder general meeting to be held on 12 February 2014 to consider a 
resolution to cancel the amounts standing on the Company's balance sheet 
to the credit of the share premium account and the capital redemption 
reserve.  The cancellations will result in the creation of a new 
distributable reserve.  This reserve will be available, together with 
the Company's existing distributable reserves, to be used by the Company 
inter alia to re-purchase ordinary shares for cancellation and to pay 
dividends to shareholders (subject to the provisions of the Companies 
Act 2006 and to the legislation relating to venture capital trusts). 
The cancellations will have no impact on the balance sheet assets and 
liabilities of the Company. 
 
   At the date of the Circular the balance on the share premium account was 
approximately GBP41.5 million and the balance on the capital redemption 
reserve was approximately GBP0.8 million.  Subject to shareholder 
approval of the resolution, the Company intends to apply to the High 
Court to seek its confirmation of the cancellations of the amounts 
standing to the credit of the share premium account and the capital 
redemption reserve. 
 
   A copy of the circular has been submitted to the National Storage 
Mechanism and will shortly be available for inspection at 
www.morningstar.co.uk/uk/NSM and is also available on the NVM Private 
Equity website at www.nvm.co.uk/n2vctgm2014. 
 
 
 
   Enquiries: 
 
   Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 
6000 
 
   Website:  www.nvm.co.uk 
 
   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#1755427 
 
 
  http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php
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