Result of AGM

21 JULY 2023

NORTHERN VENTURE TRUST PLC

RESULT OF ANNUAL GENERAL MEETING

Northern Venture Trust PLC (“the Company”) announces that at the Annual General Meeting held on 21 July 2023 all of the resolutions set out in the notice of the meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Mr Simon Constantine, Mr Richard Green, Ms Deborah Hudson and Mr David Mayes.

Mr Timothy Levett did not stand for re-election at the AGM and has resigned as director of the Company at the conclusion of the AGM.

In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, a copy of the resolutions proposed and passed has been submitted to the National Storage Mechanism and will also be available from: www.mercia.co.uk/vcts/nvt/.

Details of proxy voting on the resolutions put to shareholders at the Annual General Meeting are as follows:

Number	Resolution	For	Discretionary	Against	Vote Withheld
1	To receive and approve the Company’s annual report and financial statements for the period ended 31 March 2023 together with the strategic report, Directors’ report and independent auditor’s report thereon	10,314,240	126,799	33,019	19,168
2	To approve and declare a final dividend of 2.0p per share in respect of the period ended 31 March 2023	10,333,299	87,476	53,283	19,168
3	To approve the Directors’ remuneration report in respect of the period ended 31 March 2023 other than the part of such report containing the Directors’ remuneration policy	9,371,209	126,799	691,575	303,643
4	To re-elect Mr S J Constantine as a director	9,659,830	152,218	597,809	83,369
5	To re-elect Mr R J Green as a director	9,657,488	152,218	539,071	144,449
6	To re-elect Mr D A Mayes as a director	9,684,560	152,218	496,336	160,112
7	To re-elect Ms D N Hudson as a director	9,769,903	152,218	413,915	157,190
8	To re-appoint Mazars LLP as independent auditor	9,920,858	196,162	160,161	216,045
9	To authorise the audit committee to fix the remuneration of the independent auditor	10,212,404	152,218	109,436	19,168
10	To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act for the purposes of the Offer	9,957,434	126,799	189,825	219,168
11	To generally authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006	10,100,101	119,834	203,264	70,027
12	To disapply Section 561(1) of the Companies Act 2006 in relation to allotments of equity securities for the purposes of the Offer	9,343,765	126,799	689,204	333,458
13	To disapply Section 561(1) of the Companies Act 2006 in relation to certain other allotments of equity securities	9,513,383	119,834	683,116	176,893
14	To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006	10,195,986	126,799	117,637	52,804
15	To amend the articles of association to extend the life of the Company	9,912,110	126,799	394,826	37,868
16	To approve the cancellation of the share premium account arising following the issue of Ordinary Shares pursuant to the Offer	10,150,709	126,799	147,571	68,147

Enquiries:

Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430

Website: www.mercia.co.uk/vcts

Neither the contents of the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are incorporated into, or form part of, this announcement.