Notice of General Meeting

26 JUNE 2023

NORTHERN 2 VCT PLC

PUBLICATION OF CIRCULAR

Northern 2 VCT PLC ("the Company”) has published a circular to shareholders (the "Circular") seeking shareholder approval of a related party transaction involving the Company and its investment manager, Mercia Fund Management Limited, and giving notice of a general meeting to be held on Friday 28 July 2023.

The related party transaction relates to proposals to make amendments to the performance fee arrangements between the Company and its investment manager.

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for viewing online at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and the Company's website at: 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.