Director Shareholding

Northern Venture Trust PLC
23 March 2005


For immediate release on 23 March 2005
Northern Venture Trust PLC (the 'Company')

Directors' interests

Further to the result of the Tender Offer announced yesterday, the Company has
been informed of the following changes to the beneficial interests of the
directors in the Company's ordinary shares:

Director       Holding before        Sold in    Holding after       % of share
                Tender Offer    Tender Offer     Tender Offer    capital after
                                                                  Tender Offer

E M P Denny          100,000         (10,000)          90,000             0.24%
J R Hustler           80,737          (7,000)          73,737             0.20%
T R Levett            81,000          (8,100)          72,900             0.20%

ENDS

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