CIRCULAR TO SHAREHOLDERS

Northern 3 VCT PLC
15 June 2004


For immediate release on 15 June 2004
Northern 3 VCT PLC (the 'Company')

Circular to shareholders

A circular to shareholders seeking authority to issue further shares in the
capital of the Company at an extraordinary general meeting to be held on
8 July 2004 has been posted to the Company's shareholders today. 
A copy of this document has also been submitted to the Financial Services
Authority and will shortly be available for inspection at the FSA's Document 
Viewing Facility, which is situated at:

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London
EH14 5HS

ENDS



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