Issue of Equity

LONDON--(BUSINESS WIRE)-- 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

2 March 2022

New Century AIM VCT 2 PLC

Issue of new ordinary shares and Total Voting Rights

New Century AIM VCT 2 PLC (the “Company”) announces the issue of 460,690 new ordinary shares of 10 pence each in the capital of the Company (“Shares”) by way of a share subscription today at a price of 80.47 pence per share (being the net asset value per ordinary share in the Company at the close of business as at 21 February 2022) to raise approximately £370,717 before expenses.

The Shares will rank, upon issue, pari passu in all respects with the existing issued ordinary shares of the Company. Application for the new shares to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s main market for listed securities has been made and dealings are expected to commence on or around 9 March 2022.

The Shares represent 10.0% per cent of the existing issued ordinary share capital of the Company and are being allotted under the authorities granted at the Annual General Meeting of the Company held on 24 June 2021 pursuant to Section 571 of the Companies Act 2006.

The total number of shares issued by the Company on completion of the share subscription is now 5,067,643. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For more information, contact:

New Century AIM VCT 2 Plc

Tricor Secretaries Ltd, Company Secretary Tel: [phone]

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.