Issue of Equity

Northern Venture Trust PLC
31 March 2006


Northern Venture Trust PLC ('The Company')

Issue of C Shares

The Company announces that on 31 March 2006 it issued and allotted to 316 
subscribers 4,460,580 C Shares of 75p each under the 2005/06 Offer for 
Subscription.  The new C Shares were issued at a price of 100p per share.  
The issued share capital of the Company is now 38,973,040 Ordinary Shares 
and 15,900,768 C Shares.

Application will be made at the earliest practicable opportunity for these 
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.

ENDS




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