Interim Management Statement

28 JULY 2010

NORTHERN VENTURE TRUST PLC

INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 30 JUNE 2010

Northern  Venture Trust  PLC presents  its interim  management statement for the
quarter  ended  30 June  2010.  This  constitutes  the  company's second 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 30 June 2010 was 82.9p
(31 March 2010 (unaudited) 78.9p).

The  number of ordinary shares in  issue at 30 June 2010 was 59,139,418.  During
the  three months  ended 30 June  2010, no new  shares were  issued and 200,000
shares were re-purchased for cancellation at a price of 67.0p.

For the purpose of calculating the net asset value per share, quoted investments
are carried at bid price as at 30 June 2010 and unquoted investments are carried
at fair value as at 30 June 2010 as determined by the directors.

During  the  three  months  ended  30 June  2010 the  company  completed  a  new
investment  of £995,000 in  Evolve Investments Limited,  a new company formed to
acquire underperforming and undercapitalised businesses.

As  announced  on  23 June  2010, the  company  achieved a partial exit from its
investment  in  Weldex  (International)  Offshore,  which  was acquired by a new
holding  company controlled by  private equity funds  managed by Dunedin Capital
Partners.   Northern Venture Trust received total sale proceeds of £6.9 million,
of  which £3.7 million  was paid in  cash at completion  and £3.2 million in the
form  of unsecured  loan notes  in the  new holding  company, in  which Northern
Venture Trust also holds a 5% equity stake.

The directors are not aware of any other events or transactions which have taken
place  between 31 March 2010 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





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Source: Northern Venture Trust PLC via Thomson Reuters ONE