Issue of Equity

Northern Venture Trust PLC
06 April 2005


Northern Venture Trust PLC ('The Company')

Allotment of shares

The Company announces that on 5 April 2005 it issued and allotted to 48
subscribers an additional 1,058,260 ordinary shares of 25p each in respect of
the Offer for Subscription for the 2004/05 tax year, which has now closed. The
enlarged issued share capital of the Company now consists of 38,595,101 ordinary
shares. The Offer for Subscription for the 2005/06 tax year remains open and
will close on 28 April 2005 or when fully subscribed.

Application will be made at the earliest practicable opportunity for the new
shares, which will rank pari passu with the existing ordinary shares, to be
admitted to the Official List of the UK Listing Authority and to trading on the
London Stock Exchange's market for listed securities.


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