We report transport measurements on superconducting wire networks which provide the first experimental evidence of a new localization phenomenon induced by magnetic field on a 2D periodic structure. In the case of a superconducting wave function this phenomenon manifests itself as a depression of the network critical current and of the superconducting transition temperature at a half magnetic flux quantum per tile. In addition, the strong broadening of the resistive transition observed at this field is consistent with enhanced phase fluctuations due to this localization mechanism.