Interim Management Statement

30 JULY 2009

NORTHERN VENTURE TRUST PLC

INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 30 JUNE 2009

Northern Venture Trust PLC presents its interim management  statement
for the quarter ended 30  June 2009.  This constitutes the  company's
second interim management statement for the financial year ending  30
September 2009, as required by the UK Listing Authority's  Disclosure
and Transparency Rule 4.3.  This  statement has been prepared  solely
to provide additional information in  order to meet the  requirements
of the Disclosure and Transparency Rules and should not be relied  on
by shareholders, or any other party, for any other purpose.

The unaudited net asset  values per ordinary share  and C share,  and
the number of shares in issue, as at 30 June 2009 were as follows:


                         Net asset value   Number of shares
                               per share           in issue

Ordinary shares of 25p             74.5p         40,170,808
C shares of 75p                    74.5p         20,612,249


The net asset value per ordinary share is stated after deducting  the
interim ordinary share dividend of 3.0p per share for the year ending
30 September 2009, which was  declared on 7 May  2009 and paid on  26
June 2009.  The net asset value per C share is stated after deducting
the interim C share dividend of 1.0p per share for the year ending 30
September 2009, which was declared on 7 May 2009 and paid on 26  June
2009.

On 26 June 2009 240,946 new ordinary shares were allotted at a  price
of  73.2p  per  share  in  connection  with  the  company's  dividend
investment scheme.   No  ordinary  or C  shares  were  purchased  for
cancellation during the quarter.  In accordance with the articles  of
association, on  29  October 2009  the  company's C  shares  will  be
converted into  new ordinary  shares on  a basis  reflecting the  net
assets per share attributable to the respective pools of funds as  at
30 September 2009.

For the purpose of calculating the net asset value per share,  quoted
investments are carried at bid price as at 30 June 2009 and  unquoted
investments are  carried  at  fair  value  as  at  30  June  2009  as
determined by the directors.

During the three months ended 30 June 2009 there were no  significant
investment transactions.   On 15  July  2009 the  company's  ordinary
share pool sold  its investment in  Liquidlogic Limited, an  unquoted
provider of software  solutions to  public sector  clients, for  cash
proceeds of £381,000.  The  book cost of  the investment was  £56,000
and its carrying value at 30 June 2009 was £381,000.  The company may
become entitled  to  receive  additional proceeds  depending  on  the
trading performance  of Liquidlogic  Limited  in the  financial  year
ending 31 March 2010.

The directors are not aware of any other events or transactions which
have taken place between 31 March 2009 and the date of publication of
this statement and which have had a material effect on the  financial
position of the company.


Enquiries:

Alastair Conn/Christopher Mellor, NVM  Private Equity Limited -  0191
244 6000
Website:  www.nvm.co.uk

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