Director Shareholding

Northern 3 VCT PLC
5 April 2002


                       Northern 3 VCT PLC (the 'Company')

                            DIRECTOR'S SHAREHOLDING


The Company has been notified that as a result of the allotment of shares under
the 2001/02 Offer for Subscription made on 5 April 2002, Mr Timothy Roland
Levett has subscribed for 25,000 ordinary shares at 5 pence each, representing
approximately 0.23% of the enlarged issued share capital of the Company.  This
holding represents Mr Levett's entire holding of shares in the Company.


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