TIDMNRI 
 
 
   3 DECEMBER 2013 
 
   NORTHERN INVESTORS COMPANY PLC 
 
   PORTFOLIO UPDATE/PROPOSED TENDER OFFER 
 
   Northern Investors Company PLC ("Northern Investors") announces the sale 
of its investment in Alaric Systems Limited ("Alaric"), which provides 
payment processing and fraud prevention software, to a subsidiary of NCR 
Corporation. 
 
   Northern Investors has received cash proceeds of GBP5.06 million for its 
holding of ordinary shares and loan stock in Alaric.  The carrying value 
of the investment in Alaric in Northern Investors' unaudited half-yearly 
financial statements for the six months ended 30 September 2013, 
published on 12 November 2013, was GBP4.15 million.  The uplift in 
Northern Investors' net assets resulting from the sale is therefore 
GBP0.91 million, equivalent to approximately 7.5p per share. 
 
   Northern Investors has also received accrued loan stock interest from 
Alaric totalling GBP0.34 million, equivalent (after providing for 
corporation tax) to approximately 2.1p per share, which was not 
recognised in the financial statements as at 30 September 2013. 
 
   Northern Investors may become entitled to receive further sale proceeds 
of up to GBP0.91 million over the period to December 2017, which will be 
recognised in the financial statements as and when received. 
 
   It was announced in Northern Investors' half-yearly report for the six 
months ended 30 September 2013 that the board intended to make a tender 
offer to shareholders in the early part of 2014.  On 25 November 2013 it 
was further announced that the directors envisaged that the amount to be 
returned to shareholders through the tender offer would be not less than 
GBP7.0 million.  As a result of the cash inflow from the sale of the 
holding in Alaric, the directors now estimate that the amount to be 
returned to shareholders through the tender offer will be not less than 
GBP12.0 million, to which will be added the proceeds of any further 
realisations which may be completed prior to the tender offer being 
made.  As previously announced, it is expected that a circular giving 
details of the tender offer will be published in February 2014 and that 
the ensuing re-purchase and cancellation of shares will be completed by 
31 March 2014. 
 
   For further information, please contact: 
 
   Northern Investors Company PLC 
 
   Nigel Guy/Christopher Mellor                   0191 244 6000 
 
   Oriel Securities 
 
   Neil Winward                                         020 7710 7600 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Northern Investors Co PLC via Globenewswire 
 
   HUG#1747229 
 
 
  http://www.nvm.co.uk/investorarea/northern_investors_company_plc.php
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