Statement re Intention to Fund Raise

10 Oct 2019 13:00

10 OCTOBER 2019

NORTHERN VENTURE TRUST PLC

STATEMENT REGARDING INTENTION TO FUND RAISE

Northern Venture Trust PLC (“the Company”) is pleased to announce that, subject to obtaining the requisite shareholder and regulatory approvals, it intends, in conjunction with Northern 2 VCT PLC and Northern 3 VCT PLC, to launch linked offers for subscription in the 2019/2020 tax year (the "Offers") with the intention to raise up to £40 million across the linked Offers.

Full details of the Offers will be announced in due course. It is expected that a prospectus will be published by the Company in January 2020, which will be available on the NVM Private Equity website (www.nvm.co.uk).

Enquiries:

Tim Levett, Chairman, NVM Private Equity, Tel: 0118 951 7000James Bryce, Company Secretary, Northern Venture Trust, Tel: 0191 244 6000Website: www.nvm.co.uk

Neither the contents of the NVM Private Equity LLP website nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP website (or any other website) is incorporated into, or forms part of, this announcement.