Issue of Equity

17 DECEMBER 2010

NORTHERN VENTURE TRUST PLC ("The Company")

Issue of Shares AND TOTAL VOTING RIGHTS

The  Company  announces  that  on  17 December 2010 it allotted 427,137 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
80.7p per  share.  Following the above  allotment, there are 59,566,555 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.

In  conformity with the Transparency Directive,  the Company notifies the market
that  the capital of  the Company consists  of 59,566,555 ordinary shares with a
nominal value of 25p each.  All the shares have voting rights.

The Company does not hold any ordinary shares in treasury.

Therefore,  the total number of voting  rights in the Company is 59,566,555 (the
"Figure").

The  Figure may be used by a shareholder  or other person as the denominator for
the  calculations by  which he  will determine  if he  is required to notify the
voting  rights he holds in relation to the  Company, or a change to those voting
rights, under the FSA's Disclosure and Transparency Rules.

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.







This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Northern Venture Trust PLC via Thomson Reuters ONE

[HUG#1473607]