Announcements

Northern Investors Company PLC.




TIDMNRI

7 FEBRUARY 2011

NORTHERN INVESTORS COMPANY PLC

INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 31 DECEMBER 2010

Northern Investors Company PLC presents its interim management statement for the
quarter ended 31 December 2010. This constitutes the company's second interim
management statement for the financial year ending 31 March 2011, as required by
the UK Listing Authority's Disclosure Rules and Transparency Rules, Rule 4.3.

The unaudited net asset value per ordinary share as at 31 December 2010 was
286.3p (30 September 2010 285.2p). The net asset value is stated before
deducting the interim dividend of 2.2p per share in respect of the year ending
31 March 2011, which was paid on 7 January 2011.

The number of ordinary shares in issue at 31 December 2010 was 19,395,440 (30
September 2010 19,395,440). No shares were allotted or re-purchased during the
quarter.

For the purposes of calculating the net asset value per share, quoted
investments are carried at bid price as at 31 December 2010 and unquoted
investments are carried at fair value as at 31 December 2010 as determined by
the directors.

Net assets at 31 December 2010 comprised the following:

% of

ÂGBP000 net assets

Unquoted investments at fair value

as determined by the directors 35,063 63.1

Quoted investments at bid price 24 0.1

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Total fixed asset investments 35,087 63.2

Net current assets 20,443 36.8

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Net assets 55,530 100.0

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During the three months ended 31 December 2010 the following significant
investment transactions took place:

New investments:

Amount
Name of company Business activity invested
ÂGBP000

Cawood Scientific Analytical laboratory testing services for land-based 1,196
industries


Disposals:

Carrying
value at
Sales Original 30 September
Name of company proceeds cost 2010
ÂGBP000 ÂGBP000 ÂGBP000

DxS - deferred consideration received 351 - -

Tikit Group (AIM quoted) - market sale 529 525 443


The investment in DxS was sold to Qiagen NV in September 2009 on terms which
included potential payments dependent on future performance. ÂGBP351,000 was
received and recognised in the quarter ended 31 December 2010.

The directors are not aware of any other events or transactions which have taken
place between 30 September 2010 and the date of publication of this statement
and which have had a material effect on the financial position of the company.

This statement has been prepared solely to provide additional information in
order to meet the requirements of the Disclosure Rules and Transparency Rules
and should not be relied on by shareholders, or any other party, for any other
purpose.


Enquiries:

NVM Private Equity
Alastair Conn/Christopher Mellor 0191 244 6000

Oriel Securities
Joe Winkley/Emma Griffin 020 7710 7600

Website: www.nvm.co.uk

Neither the contents of the NVM Private Equity Limited website nor the contents
of any website accessible from hyperlinks on the NVM Private Equity Limited
website (or any other website) is incorporated into, or forms part of, this
announcement.






This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Northern Investors Co PLC via Thomson Reuters ONE

[HUG#1486158]


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February 07, 2011 09:20 ET (14:20 GMT)