Issue of Equity

Northern Venture Trust PLC
16 December 2005


Northern Venture Trust PLC ('The Company')

Issue of Shares

The Company announces that on 16 December 2005 the Company allotted 329,148
ordinary shares of 25p each to shareholders who agreed to subscribe for shares
under the terms of the Company's Dividend Investment Scheme.  The subscription
price was 80.2p per share. There remain 39,126,102 ordinary shares in issue.

Application will be made at the earliest practicable opportunity for these
shares, which will rank pari passu with existing ordinary 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.









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