Further re Issue of Equity

Northern 3 VCT PLC
02 April 2004

Northern 3 VCT plc (the 'Company')



Further re Issue of Equity



Further to the announcement released on 26 March 2004 in relation to the issue
of shares in Northern 3 VCT plc, the Company would like to clarify that, of the
689,665 shares referred to in the announcement, 382,640 ordinary shares were
allotted under the Company's first top-up share offering which closed fully
subscribed on 25 March 2004.  Dealings in these shares are expected to commence
on 5 April 2004.  The remaining 307,025 ordinary shares were allotted under the
second top-up share offering for which authority was granted at the Company's
EGM on 25 March 2004.  Dealings in these shares are expected to commence on 6
April 2004.



Ends






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