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.

21 March 2022

New Century AIM VCT 2 PLC (“Company”)

Engagement of professional advisers

The board of directors of the Company (“Board”) announces its intention to engage professional advisers to explore and report to the Board on opportunities and strategies in which the Company may generate liquidity in the Company's shares. Such opportunities shall include, but not be limited to, exploring the feasibility of the Company making a tender offer for the buy back of shares.

No decision has been made by the Board to submit to shareholders a proposal for the authority for the Company to buy back shares and any such decision will be subject to the outcome of the opportunity and strategy review to be carried out the Company’s advisers.

For more information, contact:

New Century AIM VCT 2 Plc

Tricor Secretaries Ltd, Company Secretary Tel: 020 3216 2000

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.

Copyright Business Wire 2022