Interim Management Statement

Northern Venture Trust PLC
14 February 2008


14 FEBRUARY 2008

NORTHERN VENTURE TRUST PLC

INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2007

Northern Venture Trust PLC presents its interim management statement for the
quarter ended 31 December 2007.  This constitutes the company's first interim
management statement for the financial year ending 30 September 2008, as
required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
This statement has been prepared solely to provide additional information in
order to meet the requirements of the Disclosure and Transparency Rules and
should not be relied on by shareholders, or any other party, for any other
purpose.

The unaudited net asset values per ordinary share and C share, and the number of
shares in issue, as at 31 December 2007 were as follows:

                                    Net asset value          Number of shares
                                          per share                  in issue
Ordinary shares of 25p                        81.1p                38,744,714
C shares of 75p                               93.6p                20,629,048


The net asset value per ordinary share is stated after deducting the final
ordinary share dividend of 6.0p per share for the year ended 30 September 2007,
which was approved by shareholders at the annual general meeting on 13 December
2007 and paid on 14 December 2007.  The net asset value per C share is stated
after deducting the final C share dividend of 1.0p per share for the year ended
30 September 2007, which was approved by shareholders at the annual general
meeting on 13 December 2007 and paid on 14 December 2007.

On 14 December 2007 358,809 new ordinary shares were allotted at a price of
81.6p per share in connection with the company's dividend investment scheme.  No
ordinary or C shares were purchased for cancellation during the quarter.

Quoted investments are carried at bid price as at 31 December 2007.  Unquoted
investments are carried at fair value as determined by the directors as at 31
December 2007.

During the three months ended 31 December 2007 the following significant
investment transactions took place (all companies unquoted except where
otherwise indicated):

New investments:

None.

Disposals (all from ordinary share pool):
                                               
                                                                  Carrying
                                                                  value at
                                           Sales   Original   30 September
Name of company                         proceeds       cost           2007
                                            £000       £000           £000
Revenue Assurance Services (AIM)             559        332            533
KCS Global Holdings                        1,519        572          1,519
Barony Universal Products                  1,443        157          1,287


Revenue Assurance Services was acquired by Spice PLC in October 2007 following a
recommended bid.  KCS Global Holdings, which provides HR and payroll software
and outsourcing services, was sold to The Sage Group plc for cash in October
2007.  Barony Universal Products, which manufactures aerosol products, was sold
to Questbridge Limited for cash in November 2007.

The directors are not aware of any events or transactions which have taken place
between 31 December 2007 and the date of publication of this statement and which
have had a material effect on the financial position of the company.

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website:  www.nvm.co.uk


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