REG-Result of AGM

Northern Venture TrustAnnouncement

05/08/2025 16:00

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5 AUGUST 2025

NORTHERN VENTURE TRUST PLC

RESULT OF ANNUAL GENERAL MEETING

Northern Venture Trust PLC (“the Company”) announces that at the Annual
General Meeting held on 5 August 2025 all of the resolutions set out in the
notice of the meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Deborah Hudson and
Brigid Sutcliffe and to elect as a director John E Milad who was appointed to
the Board on 21 August 2024.

David Mayes did not stand for re-election at the AGM and has retired as a
director of the Company at the conclusion of the AGM.

A copy of the resolutions proposed and passed has been submitted to the
National Storage Mechanism and will also be available from:
www.mercia.co.uk/vcts/nvt/.

Details of proxy voting on the resolutions put to shareholders at the Annual
General Meeting are as follows:

 Number  Resolution                                                                                                                                                                                                          For        Discretionary  Against  Vote Withheld  
 1       To receive and approve the Company’s annual report and financial statements for the year ended 31 March 2025 together with the strategic report, Directors’ report and independent auditor’s report thereon.        9,958,604  433,863        114,436  109,704        
 2       To approve and declare a final dividend of 1.5p per share in respect of the year ended 31 March 2025                                                                                                                9,952,514  392,373        137,406  134,314        
 3       To approve the Directors’ remuneration report in respect of the year ended 31 March 2025 other than the part of such report containing the Director’ remuneration policy                                            8,751,594  588,324        745,632  531,057        
 4       To re-elect Ms D N Hudson as a Director                                                                                                                                                                             9,492,273  569,390        315,733  239,211        
 5       To re-elect Ms B A Sutcliffe as a Director                                                                                                                                                                          9,242,416  516,478        506,300  351,413        
 6       To elect Mr J E Milad as a Director                                                                                                                                                                                 9,150,805  512,666        621,054  332,082        
 7       To appoint Johnston Carmichael LLP as independent auditor                                                                                                                                                           9,849,688  492,907        130,345  143,667        
 8       To authorise the Audit & Risk Committee to fix the remuneration of the independent auditor                                                                                                                          9,830,516  539,942        136,445  109,704        
 9       To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 for the purposes of the Offer                                                                                          9,441,755  586,142        422,853  165,857        
 10      To generally authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006                                                                                                              9,643,990  578,339        209,778  184,500        
 11      To disapply Section 561(1) of the Companies Act 2006 in relation to certain allotments of equity securities for the purposes of the Offer                                                                           9,069,154  656,809        639,401  251,243        
 12      To disapply Section 561(1)of the Companies Act 2006 in relation to certain other allotments of equity securities                                                                                                    8,931,381  776,276        657,707  251,243        
 13      To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006                                                                                       9,776,730  539,942        138,736  161,199        
 14      To adopt the new articles of association produced to the AGM                                                                                                                                                        9,150,715  634,263        335,538  496,091        
 15      To cancel the share premium account and credit the amount so cancelled to a special reserve of the Company                                                                                                          9,647,611  598,985        126,384  243,627        

Enquiries:

Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430

Website: www.mercia.co.uk/vcts

Neither the contents of the Mercia Asset Management PLC website, nor the
contents of any website accessible from hyperlinks on the Mercia Asset
Management PLC website (or any other website), are incorporated into, or form
part of, this announcement