Director/PDMR Shareholding

21 DECEMBER 2010

NORTHERN VENTURE TRUST PLC ("the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS

In accordance with the FSA's Disclosure Rules and Transparency Rules, the
Company announces the following changes to the beneficial interests of the
Directors in the Company's ordinary shares of 25p each following the result of
the Tender Offer which was announced on 20 December 2010.  The Company was
informed of the changes on 20 December 2010 and the transactions took place in
London on 20 December 2010.


Director    Registered shareholders  Holding before   Sold in Current % of share
                                             Tender    Tender holding    capital
                                              Offer     Offer          currently
                                                     at 78.3p               held
                                                    per share



N J Beer    L R Nominees Limited             14,722  (11,028)   3,694      0.01%

E M P Denny E M P Denny                     123,983  (92,881)  31,102      0.06%

J R Hustler J R Hustler, E M                112,924  (58,793)  54,131      0.10%
            Hustler, Smith &
            Williamson Nominees
            Limited

R S Peters  Pershing Nominees               130,000  (14,442) 115,558      0.22%
            Limited

H P Younger Murray Asset Nominees            18,000  (13,484)   4,516      0.01%
            Limited


As set out in the Prospectus dated 16 November 2010, each of the Directors has
committed to re-invest the proceeds which he receives from the Tender Offer in
accordance with the terms of the Prospectus.  It is expected that new ordinary
shares will be allotted accordingly to the Directors on 23 December 2010 in
respect of the 2010/11 tax year.

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.







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Source: Northern Venture Trust PLC via Thomson Reuters ONE

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