Director/PDMR Shareholding

23 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 allotment
of shares under the 2010/11 Offer for Subscription on 23 December 2010.  The
Company was informed of the changes on 23 December 2010 and the transactions
took place in London on 23 December 2010.


Director    Registered             Previous     Allotted      Current % of share
            shareholders       shareholding        under shareholding    capital
                                               Offer for               currently
                                            Subscription                    held
                                                at 86.0p
                                               per share



N J Beer    N J Beer, L R             3,694       49,418       53,112      0.09%
            Nominees Limited

E M P Denny E M P Denny              31,102       93,898      125,000      0.22%

J R Hustler J R Hustler, E M         54,131       63,051      117,182      0.21%
            Hustler, Smith &
            Williamson
            Nominees Limited

R S Peters  R S Peters,             115,558       13,971      129,529      0.23%
            Pershing Nominees
            Limited

H P Younger H P Younger,              4,516       19,535       24,051      0.04%
            Murray Asset
            Nominees Limited



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 
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(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

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