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Dividend Declaration

23 November 2022

NORTHERN 2 VCT PLC

DIVIDEND DECLARATION

Northern 2 VCT PLC is pleased to declare an interim dividend of 2.0 pence per ordinary share in respect of the year ending 31 March 2023. The interim dividend will be paid on 13 January 2023 to shareholders on the register on 9 December 2022. The ex-dividend date is 8 December 2022.

Our 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, continues to operate. Details on how to join the scheme are included within the dividend section of our 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.