Announcements

Northern Investors Company PLC.


RNS Number:7486E
Northern Investors Co PLC
16 June 2006

16 JUNE 2006

NORTHERN INVESTORS COMPANY PLC

UNAUDITED NET ASSET VALUE AS AT 31 MAY 2006

Northern Investors Company PLC announces that the unaudited net asset value per
25p ordinary share at 31 May 2006 was 253.3p. The net asset value is stated
before deducting the proposed final dividend of 4.2p per share in respect of the
year ended 31 March 2006, which is subject to approval by shareholders at the
annual general meeting on 21 June 2006.

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

Net assets at 31 May 2006 comprised the following:
% of
#000 net assets
Unquoted investments at fair value
as determined by the directors 40,274 80.6
Quoted investments at bid price 3,536 7.1
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Total fixed asset investments 43,810 87.7
Net current assets 6,146 12.3
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Net assets 49,956 100.0
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The ten largest investments by valuation at 31 May 2006 were as follows:
% of
#000 net assets
AFI Aerial Platforms 2,925 5.9
John Laing Partnership 2,408 4.8
CGI Group 1,985 4.0
DMN 1,913 3.8
Nightingales Holdings 1,737 3.5
Longhirst Group 1,594 3.2
IG Doors 1,594 3.2
Envirotec 1,454 2.9
Crantock Bakery 1,284 2.6
Stainton Metal Company 1,270 2.5
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Top ten investments 18,164 36.4
Other investments 25,646 51.3
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Total fixed asset investments 43,810 87.7
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Quoted investments are carried at bid price as at 31 May 2006. Unquoted
investments are carried at fair value as determined by the directors at 31 March
2006, with subsequent additions at cost. The next revaluation of the unquoted
portfolio will be carried out as at 30 September 2006 and will be reflected in
the unaudited interim results for the six months ending 30 September 2006, which
are expected to be announced in November 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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