Interim Management Statement

27 JULY 2011

NORTHERN VENTURE TRUST PLC

INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 30 JUNE 2011

Northern  Venture Trust  PLC presents  its interim  management statement for the
quarter  ended  30 June  2011.  This  constitutes  the  company's second interim
management  statement  for  the  financial  year  ending  30 September  2011, as
required  by the UK Listing Authority's Disclosure Rules and Transparency Rules,
Rule 4.3.

The  company's  objective  is  to  provide  high  long-term  tax-free returns to
investors  through  a  combination  of  dividend  yield  and  capital growth, by
investing  in  a  portfolio  of  investments  mainly comprising unquoted venture
capital holdings.  The company is a venture capital trust approved by HM Revenue
& Customs and is required to comply on a continuing basis with the provisions of
Section 274 of the Income Tax Act 2007.

The  unaudited net asset value per ordinary  share as at 30 June 2011 was 86.6p
(31  March 2011 (unaudited)  88.6p).  The net  asset value  per share  is stated
after  deducting the interim dividend  of 3.0p per share in  respect of the year
ending 30 September 2011, which was paid on 24 June 2011.

The  number of ordinary  shares in issue  at 30 June 2011 was 71,278,380.  On 6
April 2011 1,198,719 new ordinary shares were issued at a price of 87.0p through
a public offer for subscription, and on 24 June 2011 319,942 new ordinary shares
were  issued  at  a  price  of  85.6p in  connection with the company's dividend
investment  scheme.   No  shares  were  re-purchased for cancellation during the
quarter.

For the purpose of calculating the net asset value per share, quoted investments
are carried at bid price as at 30 June 2011 and unquoted investments are carried
at fair value as at 30 June 2011 as determined by the directors.

During  the three months ended 30 June 2011 the following significant investment
transactions took place:

New investments:

                                                                          Amount
Name of                      Business
company                      activity                                   invested
                                                                            £000

Tinglobal Holdings Limited   Supplier of refurbished mid-range computer      988
                             equipment

Paladin Group Limited*       Integrated commercial and residential           257
                             property services


*Additional investment in existing portfolio company

Realisations:

                                                                        Carrying

                                                                        value at

                                                   Sales    Original    31 March

Name of                                         proceeds        cost        2011
company


                                                    £000        £000        £000



Closerstill Holdings Limited - loan stock
redemption                                           750         750         750

Individual Restaurant Company plc
(quoted on AIM)                                        3         250           3


The directors are not aware of any other events or transactions which have taken
place  between 31 March 2011 and  the date of  publication of this statement and
which have had a material effect on the financial position of the company.

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.


Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website: www.nvm.co.uk

Neither  the contents of the NVM Private Equity Limited website nor the contents
of  any website  accessible from  hyperlinks on  the NVM  Private Equity Limited
website  (or any  other website)  is incorporated  into, or  forms part of, this
announcement.






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Source: Northern Venture Trust PLC via Thomson Reuters ONE

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