Result of AGM

7 JANUARY 202 2

NORTHERN VENTURE TRUST PLC

RESULT OF ANNUAL GENERAL MEETING

Northern Venture Trust PLC (“the Company”) announces that at the annual general meeting held on 7 January 2022 all of the resolutions set out in the notice of meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Mr Simon Constantine, Mr Richard Green, Mr David Mayes and Mr Tim Levett and to elect as a director Ms Deborah Hudson.

Mr Nigel Beer and Mr Hugh Younger did not stand for re-election at the AGM and have resigned as directors of the Company at the conclusion of the AGM. Following Mr Beer’s resignation, Mr Richard Green has been appointed to act as Chairman of the Audit Committee.

In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, a copy of the resolutions proposed and passed has been submitted to the National Storage Mechanism and will also be available from: www.mercia.co.uk/vcts/nvt

Details of proxy voting on the resolutions put to shareholders at the annual general meeting are as follows:

Number	Resolution	For	Discretionary	Against	Vote withheld
1	To receive and approve the annual accounts and financial statements for the year ended 30 September 2021 together with the directors’ and independent auditor’s reports thereon	12,486,340	195,208	26,141	11,214
2	To approve and declare a final dividend of 2.0p per share in respect of the year ended 30 September 2021	12,525,663	155,885	26,141	11,214
3	To approve the Directors’ remuneration report in respect of the year ended 30 September 2021	11,572,593	292,679	403,434	450,197
4	To re-elect as a director Mr S J Constantine	11,803,299	223,367	375,768	316,469
5	To re-elect as a director Mr R J Green	12,035,668	223,367	144,600	315,268
6	To re-elect as a director Mr T R Levett	11,691,684	266,819	443,931	316,469
7	To re-elect as a director Mr D A Mayes	12,028,723	223,367	151,545	315,268
8	To elect as a director Ms D N Hudson	12,046,584	286,605	89,082	296,632
9	To re-appoint Mazars LLP as independent auditor of the Company	11,695,195	195,208	630,202	198,298
10	To authorise the audit committee to fix the remuneration of the independent auditor	12,433,553	195,208	16,427	73,715
11	To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 pursuant to the Offer	12,344,790	195,208	148,089	30,816
12	To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006	12,333,204	195,208	146,804	43,687
13	To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities and the sale of treasury shares for the purposes of the Offer	12,013,655	195,208	356,940	153,100
14	To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities and the sale of treasury shares	11,939,459	195,208	423,174	161,062
15	To authorise the Company to make market purchases of shares in accordance with Section 701 of the Companies Act 2006	12,425,585	195,208	86,896	11,214
16	To amend the Articles of Association to extend the life of the Company	12,147,704	195,208	173,058	202,933
17	To amend the Articles of Association to reflect an increase in the aggregate cap on directors’ fees	10,756,745	195,208	1,071,078	695,872
18	To approve the cancellation of the share premium account arising on the issue of Ordinary Shares pursuant to the Offer	12,019,482	195,208	84,161	420,052

Enquiries:

Graham Venables/James Sly, Mercia Fund Management Limited – 0330 2223 1430
Website: www.mercia.co.uk

Martin Glanfield, Chief Financial Officer, Mercia Asset Management PLC – 0330 223 1430
Website: www.mercia.co.uk

Neither the contents of the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are incorporated into, or form part of, this announcement.