Issue of Equity

Northern Venture Trust PLC
14 March 2005


Northern Venture Trust PLC ('The Company')

Issue of Shares

The Company announces that on 14 March 2005 it issued and allotted to 57 
subscribers an additional 408,311 ordinary shares of 25p each representing
approximately 1.03 per cent of the enlarged issued share capital of the
Company which now consists of 39,798,212 ordinary shares.  The new shares were
issued at a price of 95p per share.  Application will be made at the earliest
practicable opportunity for these shares, which will rank pari passu with
existing ordinary 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.

ENDS




                      This information is provided by RNS
            The company news service from the London Stock Exchange