Announcements

Northern Investors Company PLC.


RNS Number:6082R
Northern Investors Co PLC
21 February 2007


21 FEBRUARY 2007

NORTHERN INVESTORS COMPANY PLC

UNAUDITED NET ASSET VALUE AS AT 31 JANUARY 2007


Northern Investors Company PLC announces that the unaudited net asset value per
25p ordinary share at 31 January 2007 was 257.3p. The net asset value is stated
after deducting the interim dividend of 2.0p per share in respect of the year
ending 31 March 2007, which was paid on 5 January 2007.

During January 2007 the company realised its investment in Union Snack Limited,
whose carrying value at 31 December 2006 was #1,294,000, for cash proceeds of
#1,420,000.

The number of ordinary shares in issue at 31 January 2007 was 19,720,940.

Net assets at 31 January 2007 comprised the following:
% of
#000 net assets
Unquoted investments at fair value
as determined by the directors 39,879 78.6
Quoted investments at bid price 2,350 4.6
------------ -----------
Total fixed asset investments 42,229 83.2
Net current assets 8,522 16.8
------------ -----------
Net assets 50,751 100.0
------------ -----------

The ten largest investments by valuation at 31 January 2007 were as follows:
% of
#000 net assets
John Laing Partnership 4,076 8.0
Product Support (Holdings) 3,703 7.3
CGI Group 2,428 4.8
Longhirst Group 1,834 3.6
Nightingales Holdings 1,737 3.4
DMN 1,720 3.4
IG Doors 1,620 3.2
Envirotec 1,457 2.9
Weldex (International) Offshore 1,291 2.5
Alaric Systems 1,175 2.3
------------ -----------
Top ten investments 21,041 41.4
Other investments 21,188 41.8
------------ -----------
Total fixed asset investments 42,229 83.2
------------ -----------


Quoted investments are carried at bid price as at 31 January 2007. Unquoted
investments are carried at fair value as determined by the directors. The next
revaluation of the unquoted portfolio will be carried out as at 31 March 2007
and will be reflected in the preliminary results for the year ending 31 March
2007, which are expected to be announced in May 2007.


Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000

Website: www.northerninvestors.co.uk


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

NAVPUUCGPUPMGUG