• Mercia Fund Management will cut Northern 2 VCT’s annual management fee to 2% of NAV from Oct. 1, 2026.
• Fee terms shift on cash: 2% applies up to GBP 30 million; balances above that rise to 1.75%.
• Management fee calculation moves to a quarterly basis from a half-yearly schedule.
• Mercia will stop charging initial management fees to new portfolio companies from Oct. 1, 2026.
• Charges on follow-on capital for existing portfolio companies can continue until Oct. 1, 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern 2 VCT plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608120700HUGIN___UKPR_REG_GNW1001257228-en) on August 12, 2026, and is solely responsible for the information contained therein.