Miscellaneous: Novation of management agreement

Miscellaneous: Novation of management agreement

2 FEBRUARY 2015

NORTHERN VENTURE TRUST PLC

NOVATION OF MANAGEMENT AGREEMENT

Northern Venture Trust PLC ("NVT") announces the novation of its management agreement from NVM PE Limited (formerly NVM Private Equity Limited) to NVM Private Equity LLP ("NVM LLP") with effect from 2 February 2015.  NVM LLP is a new management vehicle formed by the key executives of NVM PE Limited.  It is authorised by the FCA for the conduct of investment business and will take over the business of NVM PE Limited with effect from 2 February 2015.

NVM LLP will provide identical services to NVT as those previously provided by NVM PE Limited and there is no change in the fees payable by NVT.  No consideration is payable to NVM PE Limited for the novation.

For further information, please contact:

Northern Venture Trust PLC
Simon Constantine/Christopher Mellor                 0191 244 6000

Howard Kennedy Corporate Services LLP
Keith Lassman                                                  020 3755 6000

Website:  www.nvm.co.uk

Neither the contents of the NVM Private Equity LLP website nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP website (or any other website) is incorporated into, or forms part of, this announcement.




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Northern Venture Trust PLC via Globenewswire

HUG#1890976
UK 100

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