REG-Statement regarding intention to fundraise

Northern Venture TrustAnnouncement

17/06/2025 16:30

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17 JUNE 2025

NORTHERN VENTURE TRUST PLC

STATEMENT REGARDING INTENTION TO FUNDRAISE

Northern Venture Trust PLC (“the Company”) is pleased to announce that,
subject to having the requisite shareholder and regulatory approvals, it
intends, in conjunction with Northern 2 VCT PLC and Northern 3 VCT PLC
(together with the Company known as the “Northern VCTs”), to launch a
joint prospectus offer of new ordinary shares for subscription in the 2025/26
tax year (“the Offer”). It is envisaged that the Offer will seek to raise
up to £14 million for the Company. The Offer will have an over-allotment
facility, which, if utilised, will seek to raise up to an additional £6
million for the Company (with a total fund-raising of up to £50 million
across the Northern VCTs, including the over-allotment facility).

Full details of the Offer will be contained in the prospectus which is
expected to be published in the second half of September 2025.

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