Announcements

Northern Investors Company PLC.


RNS Number:0874Y
Northern Investors Co PLC
08 February 2006

13 JANUARY 2006

NORTHERN INVESTORS COMPANY PLC

UNAUDITED NET ASSET VALUE AS AT 31 JANUARY 2006


Northern Investors Company PLC announces that the unaudited net asset value
per 25p ordinary share at 31 January 2006 was 239.0p.

The number of 25p ordinary shares in issue at 31 January 2006 was 19,720,940.

Net assets at 31 January 2006 comprised the following:


% of
#000 net assets

Quoted investments at market value 3,446 7.3
Unquoted investments at directors' valuation 36,205 76.8

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Total fixed asset investments 39,651 84.1

Net current assets 7,476 15.9

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Net assets 47,127 100.0

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The ten largest investments by valuation at 31 January 2006 were as follows:

% of
#000 net assets

DMN 2,832 6.0

Longhirst Group 1,777 3.8

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

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Top ten investments 15,087 31.9

Other investments 24,564 52.2

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Total fixed asset investments 39,651 84.1

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Quoted investments are carried at bid price as at 31 January, 2006 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

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