Portfolio update

22 SEPTEMBER 2009 NORTHERN VENTURE TRUST PLC PORTFOLIO UPDATE Northern Venture Trust PLC ("the Company") announces the sale of its investment in DxS Limited, which provides molecular diagnostic products and services to the healthcare industry, for initial cash proceeds of £7.3 million, plus £0.9 million by way of accrued loan stock interest and preference dividends. The Company may become entitled to receive up to a further £5.2 million over the period to 2012 subject to the achievement by DxS of specified objectives. The investment in DxS was entirely attributable to the Company's ordinary share pool and the disposal has no effect on the Company's C shares. The initial sale price represents an uplift of £1.3 million (equivalent to 3.3p per ordinary share in the Company) over the carrying value of the investment as reflected in the unaudited net asset value of 74.5p per ordinary share as at 30 June 2009 which was announced by the Company on 30 July 2009. The Company's ordinary share pool invested a total of £1.1 million in DxS in a series of early-stage funding rounds led by NVM Private Equity between 2001 and 2006. The total income and capital proceeds to date (excluding contingent future payments) represent a money multiple of 7.5 times the original investment and an internal rate of return (IRR) of 31.7% per annum. Enquiries: Tim Levett/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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