Issue of Equity

Northern Venture Trust PLC
06 April 2006


Northern Venture Trust PLC ('The Company')

Issue of C Shares

The Company announces that on 5 April 2006 it issued and allotted to 348
subscribers 4,766,005 C Shares of 75p each under the 2005/06 Offer for
Subscription.  The new C Shares were issued at a price of 100p per share.

Application will be made at the earliest practicable opportunity for these
shares to be admitted to the Official List of the UK Listing Authority and to
trading on the London Stock Exchange's market for listed securities.

The issued share capital of the Company is now 38,880,193 Ordinary Shares and
20,666,773 C Shares.


ENDS








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