Offer for Subscription

1 AUGUST 2013

NORTHERN VENTURE TRUST PLC

OFFER FOR SUBSCRIPTION

Northern Venture Trust PLC ("NVT") announces that in conjunction with Northern 2 VCT PLC ("N2VCT") and Northern 3 VCT PLC ("N3VCT"), it has published a Prospectus (comprising a Securities Note, Registration Document and Summary) in relation to offers of new ordinary shares for subscription in the 2013/14 and 2014/15 tax years ("the Offers").  The Offers seek to raise a total of £15 million in NVT, £15 million in N2VCT and £20 million in N3VCT.

Applications for the new shares will be considered on a first come first served basis subject to the directors' discretion.  Investors will be permitted to make applications for shares in either or both of the 2013/14 and the 2014/15 tax years and to invest in any or all of the three funds.  The Offers will 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.

To obtain a copy of the Securities Note, private investors and financial advisers should call NVM Private Equity Limited on 0191 244 6000.  A downloadable version of the Securities Note will also be available fromwww.nvm.co.uk/vctsn2013

A copy of the Prospectus is available, free of charge, from NVT's registered office:

Northumberland House
Princess Square
Newcastle upon Tyne
NE1 8ER

In accordance with the Listing Rules, the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

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#1720430