Share Premium Reduction

Northern Venture Trust PLC
18 July 2006




NORTHERN VENTURE TRUST PLC ('The Company')


REDUCTION OF SHARE PREMIUM ACCOUNT


The Company announces that the share premium account reduction of £10,000,000
approved by shareholders at the annual general meeting held on 14 December 2005
has been confirmed by the Court and became effective on 13 July 2006.


END




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