Director Shareholding

Northern 3 VCT PLC
18 February 2005


Northern 3 VCT PLC (the 'Company')

Director Shareholding

Further to the Issue of Equity announcement released earlier today, of the
1,014,876 ordinary shares allotted today under the 2004/05 Offer for
Subscription, 50,000 ordinary shares were allotted to Mr T R Levett, a director
of the Company at a price of 100p per share.  As a result of this allotment, Mr
Levett currently has a beneficial interest in 106,500 ordinary shares of 5p each
in the Company representing 0.43% per cent of the enlarged issued share capital.

END




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