Miscellaneous: offer for subscription update

11 SEPTEMBER 2013

NORTHERN VENTURE TRUST PLC

OFFER FOR SUBSCRIPTION UPDATE

Further to the announcement made by Northern Venture Trust PLC ("NVT") on 1 August 2013 in conjunction with Northern 2 VCT PLC ("N2VCT") and Northern 3 VCT PLC ("N3VCT") in respect of the offers of new ordinary shares for subscription in the 2013/14 and 2014/15 tax years, NVT announces that its offer of new ordinary shares to raise a total of up to £15 million is now fully subscribed and no further applications will be accepted.  It is intended that new ordinary shares will be allotted on 4 October 2013 in respect of the 2013/14 tax year and on 7 April 2014 in respect of the 2014/15 tax year.  Admission of the new ordinary shares allotted on 4 October 2013 is expected to become effective, and dealings in these shares will commence, by 15 October 2013.  Admission of the new ordinary shares allotted on 7 April 2014 is expected to become effective, and dealings in these shares will commence, by 15 April 2014.

The offers by N2VCT to raise a total of up to £15 million and by N3VCT to raise a total of up to £20 million remain open until 4 April 2014 in respect of the 2013/14 tax year and until 30 April 2014 in respect of the 2014/15 tax year, unless fully subscribed at an earlier date and subject to the directors' right to close the offers at any time, unless previously extended.

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.

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Northern Venture Trust PLC via Thomson Reuters ONE

HUG#1728583