Issue of Equity

Northern Venture Trust PLC
15 June 2007


Northern Venture Trust VCT PLC ('The Company')

Issue of Shares


The Company announces that on 15 June 2007 the Company allotted 189,740
ordinary shares of 25p each to shareholders who agreed to subscribe for shares
under the terms of the Company's Dividend Investment Scheme.  The subscription
price was 82.9p per share.  Following the above allotment, there are  38,592,622
ordinary shares in issue.

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






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