Dividend Declaration

23 November 20 22

NORTHERN VENTURE TRUST PLC

DIVIDEND DECLARATION

Northern Venture Trust PLC is pleased to declare a second interim dividend of 2.0 pence per ordinary share in respect of the eighteen-month period to 31 March 2023. The second interim dividend will be paid on 13 January 2023 to shareholders on the register on 9 December 2022. The ex-dividend date is 8 December 2022.

Our dividend investment scheme, which enables shareholders to invest their dividends in new ordinary shares free of dealing costs and with the benefit of the tax reliefs available on new VCT share subscriptions, continues to operate. Details on how to join the scheme are included within the dividend section of our website, which can be found here: www.mercia.co.uk/vcts/nvt/

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.