Interim Management Statement

11 FEBRUARY 2010

NORTHERN VENTURE TRUST PLC

INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 31 DECEMBER 2009

Northern  Venture Trust  PLC presents  its interim  management statement for the
three  months  ended  31 December  2009.  This  constitutes  the company's first
interim management statement for the financial year ending 30 September 2010, 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 value  per ordinary  share as  at 31 December 2009 was
79.8p (30 September 2009 (audited) 80.3p).

For  the  purposes  of  calculating  the  net  asset  value  per  share,  quoted
investments  are  carried  at  bid  price  as  at  31 December 2009 and unquoted
investments  are carried at  fair value as  at 31 December 2009 as determined by
the directors.

The  number of  ordinary shares  in issue  at 31 December 2009 was 59,589,418.
During  the three months ended  31 December 2009, 19,009,157 new ordinary shares
were  issued on  conversion of  the company's  20,409,465 C shares on 29 October
2009.  There  were no other movements in the company's issued capital during the
quarter.   On 14 January 2010 the company re-purchased for cancellation 150,000
ordinary shares at a price of 67.0p.

During  the  three  months  ended  31 December  2009 the  following  significant
investment transactions took place:

New investments:

None.

Disposals:


                                                   Carrying
                                                   value at
                            Sales   Original   30 September
  Name of company        proceeds       cost           2009
                             £000       £000           £000

  Abermed (trade sale)      1,081        600            835


At  the  annual  general  meeting  of  shareholders  held  on 13 January 2010, a
resolution  was passed  that the  company should  continue as  a venture capital
trust for a further five year period.

The directors are not aware of any other events or transactions which have taken
place  between 30 September 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 <

http://www.nvm.co.uk/>



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