Result of AGM

RNS Number : 6517L

Northern Venture Trust PLC

14 January 2009

NORTHERN VENTURE TRUST PLC ('The Company')

RESULT OF ANNUAL GENERAL MEETING

The Company announces that at the annual general meeting held on 14 January 2009 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 Michael Denny and Mr John Hustler.

As detailed in the Company's annual report and accounts for the year ended 30 September 2008, Professor Sir Frederick Holliday retired as chairman and as a director of the Company at the conclusion of the annual general meeting and Mr John Hustler was appointed as chairman of the board. In addition, at the conclusion of the meeting, Mr John Hustler became chairman of the nomination and management engagement committees and Miss Primrose Scott became chairman of the audit committee.

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

Number	Resolution	For	Discretionary	Against	Abstentions
1	To receive the financial statements for the year ended 30 September 2008	3,882,277	17,710	Nil	5,150
2	To declare a final dividend of 1.5p per ordinary share	3,856,827	43,310	Nil	5,000
3	To declare a final dividend of 1.0p per C share	3,821,973	75,164	5,000	3,000
4	To approve the directors' remuneration report	3,775,727	17,710	10,275	101,425
5	To re-elect Mr E M P Denny as a director	3,862,072	17,710	12,150	13,205
6	To re-elect Mr J R Hustler as a director	3,871,704	17,710	6,158	9,565
7	To reappoint KPMG Audit Plc as independent auditors	3,841,906	17,710	6,150	39,371
8	To authorise the directors to fix the remuneration of the independent auditors	3,876,427	27,710	1,000	Nil
9	To authorise the directors to allot shares pursuant to Section 80 of the Companies Act 1985	3,858,285	17,710	24,142	5,000
10	To disapply Section 89 of the Companies Act 1985 in relation to certain allotments of equity securities	3,804,414	47,869	52,854	Nil
11	To authorise the Company to make market purchases of ordinary shares and C shares in accordance with Section 166 of the Companies Act 1985	3,798,871	61,178	45,088	Nil