Issue of Equity and Total voting rights

23 DECEMBER 2010

NORTHERN VENTURE TRUST PLC ("the Company")

ISSUE OF ORDINARY SHARES AND TOTAL VOTING RIGHTS

The  Company announces  that on  23 December 2010 it  allotted to 97 subscribers
2,367,338 ordinary shares of 25p each under the 2010/11 Offer for Subscription.
The new ordinary shares were issued at a price of 86p per share.

Application  will  be  made  at  the  earliest practicable opportunity for these
shares  to be admitted to  the Official List of  the UK Listing Authority and to
trading on the London Stock Exchange's market for listed securities.

In  conformity with the Transparency Directive,  the Company notifies the market
that  the capital of  the Company consists  of 56,019,952 ordinary shares with a
nominal value of 25p each.  All the shares have voting rights.

The Company does not hold any ordinary shares in treasury.

Therefore,  the total number of voting  rights in the Company is 56,019,952 (the
"Figure").

The  Figure may be used by a shareholder  or other person as the denominator for
the  calculations by  which he  will determine  if he  is required to notify the
voting  rights he holds in relation to the  Company, or a change to those voting
rights, under the FSA's Disclosure Rules and Transparency Rules.

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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