Announcements

Northern Investors Company PLC.


RNS Number:8942W
Northern Investors Co PLC
13 January 2006

13 JANUARY 2006

NORTHERN INVESTORS COMPANY PLC

UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2005


Northern Investors Company PLC announces that the unaudited net asset value per
25p ordinary share at 31 December 2005 was 240.8p.

The number of 25p ordinary shares in issue at 31 December 2005 was 19,720,940.

Net assets at 31 December 2005 comprised the following:
% of
#000 net assets
Quoted investments at market value 3,541 7.5
Unquoted investments at directors' valuation 36,775 77.4
------- ------
Total fixed asset investments 40,316 84.9
Net current assets 7,165 15.1
------- ------
Net assets 47,481 100.0
------- ------

The ten largest investments by valuation at 31 December 2005 were as follows:
% of
#000 net assets
DMN Installations 2,832 6.0
Longhirst Group 1,777 3.7
AFI Aerial Platforms 1,702 3.6
CGI Group 1,480 3.1
Stainton Metal Company 1,276 2.7
Weldex (International) Offshore 1,268 2.7
Crantock Bakery 1,241 2.6
IG Doors 1,185 2.5
Alaric Systems 1,175 2.5
Arrow Industrial Group 1,151 2.4
------- ------
Top ten investments 15,087 31.8
Other investments 25,229 53.1
------- ------
Total fixed asset investments 40,316 84.9
------- ------


Quoted investments are carried at bid price as at 31 December 2005, discounted
where appropriate to reflect restrictions on sale.


Unquoted investments are carried at fair value as determined by the directors at
30 September 2005, with subsequent additions at cost. The next revaluation of
the unquoted portfolio will be carried out as at 31 March 2006 and will be
reflected in the preliminary results for the year ending 31 March 2006, which
are expected to be announced in May 2006.


Enquiries:

Alastair Conn/Christopher Mellor, Northern Investors Company PLC - 0191 244 6000

Website: www.northerninvestors.co.uk


This information is provided by RNS
The company news service from the London Stock Exchange
END

NAVGUUWAGUPQUBW