Issue of Equity

Northern Venture Trust PLC
31 March 2005


Northern Venture Trust PLC ('The Company')

Issue of Shares

The Company announces that on 31 March 2005 it issued and allotted to 7
subscribers an additional 64,064 ordinary shares of 25p each representing
approximately 0.17 per cent of the enlarged issued share capital of the Company
which now consists of 37,536,841 ordinary shares.  The new shares were issued at
a price of 95p per share.  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.

ENDS


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