Interim Management Statement

30 JULY 2009 NORTHERN VENTURE TRUST PLC INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2009 Northern Venture Trust PLC presents its interim management statement for the quarter ended 30 June 2009. This constitutes the company's second interim management statement for the financial year ending 30 September 2009, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3. This statement has been prepared solely to provide additional information in order to meet the requirements of the Disclosure and Transparency Rules and should not be relied on by shareholders, or any other party, for any other purpose. The unaudited net asset values per ordinary share and C share, and the number of shares in issue, as at 30 June 2009 were as follows: Net asset value Number of shares per share in issue Ordinary shares of 25p 74.5p 40,170,808 C shares of 75p 74.5p 20,612,249 The net asset value per ordinary share is stated after deducting the interim ordinary share dividend of 3.0p per share for the year ending 30 September 2009, which was declared on 7 May 2009 and paid on 26 June 2009. The net asset value per C share is stated after deducting the interim C share dividend of 1.0p per share for the year ending 30 September 2009, which was declared on 7 May 2009 and paid on 26 June 2009. On 26 June 2009 240,946 new ordinary shares were allotted at a price of 73.2p per share in connection with the company's dividend investment scheme. No ordinary or C shares were purchased for cancellation during the quarter. In accordance with the articles of association, on 29 October 2009 the company's C shares will be converted into new ordinary shares on a basis reflecting the net assets per share attributable to the respective pools of funds as at 30 September 2009. For the purpose of calculating the net asset value per share, quoted investments are carried at bid price as at 30 June 2009 and unquoted investments are carried at fair value as at 30 June 2009 as determined by the directors. During the three months ended 30 June 2009 there were no significant investment transactions. On 15 July 2009 the company's ordinary share pool sold its investment in Liquidlogic Limited, an unquoted provider of software solutions to public sector clients, for cash proceeds of £381,000. The book cost of the investment was £56,000 and its carrying value at 30 June 2009 was £381,000. The company may become entitled to receive additional proceeds depending on the trading performance of Liquidlogic Limited in the financial year ending 31 March 2010. The directors are not aware of any other events or transactions which have taken place between 31 March 2009 and the date of publication of this statement and which have had a material effect on the financial position of the company. Enquiries: Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000 Website: www.nvm.co.uk ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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