Dividend Declaration

15 JUNE 2023

NORTHERN 2 VCT PLC

DIVIDEND DECLARATION

Northern 2 VCT PLC ("the Company”) is pleased to declare a proposed final dividend of 1.3 pence per ordinary share in respect of the year ended 31 March 2023. Subject to shareholder approval, the final dividend will be paid on 18 August 2023 to shareholders on the register on 21 July 2023. The ex-dividend date is 20 July 2023.

The Company operates a dividend investment scheme, which enables shareholders to invest their dividends in new ordinary shares, free of dealing costs and with the benefit of the tax reliefs available on new VCT share subscriptions. Details on how to join the scheme are included within the dividend section of the Company’s website, which can be found here: www.mercia.co.uk/vcts/n2vct/

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.