Miscellaneous - offer for subscription update

14 FEBRUARY 2011

NORTHERN VENTURE TRUST PLC ("the Company")

OFFER FOR SUBSCRIPTION UPDATE

Northern Venture Trust PLC announces that the offer for subscription of new
ordinary shares to raise up to £15,000,000 in the 2010/11 and 2011/12 tax years
which was launched on 16 November 2010 ("the Offer") is now fully subscribed and
no further applications will be accepted.  A total of 14,126,827 new ordinary
shares have been allotted to date pursuant to the Offer and it is expected that
a further 1,980,421 shares will be allotted at a price of 87p per share on 18
February 2011.

£1,042,886 has been subscribed under the Offer for allotment in the 2011/12 tax
year and it is expected that the resulting new ordinary shares will be allotted
on 6 April 2011.

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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