NVM Private Equity

Invest in Northern Venture Trust

30% income tax relief available on subscriptions

Subject to obtaining shareholder approval at the October 2010 general meeting, Northern Venture Trust PLC will launch an issue of ordinary shares to raise up to £15 million (before expenses). The prospectus is expected to be issued in November 2010.

Investors will be permitted to make applications for shares in either or both of the 2010/11 and 2011/12 tax years. It is anticipated that the share issue will remain open until 5 April 2011 in respect of 2010/11 tax year and until late April 2011 in respect of the 2011/12 tax year.

To encourage early applications an "early bird" incentive equivalent to 2% of the issue price will be given to applicants who apply before 31 January 2011 and satisfy the Company that they, or their spouses, are shareholders of the Company or of Northern 2 VCT PLC, Northern 3 VCT PLC or Northern AIM VCT PLC.

The new shares will be issued at a premium to the then last published NAV to allow for issue costs (which will include the cost of the "early bird" incentive) of 5.5% of the amount raised and to avoid any material dilution in the NAV attributable to each existing share when the new shares are issued.

For further information about the proposed share issue, buyback policy and tender offer click here

For enquiries please call 0191 244 6000 or email