Interim Dividend - Amend

Northern 3 VCT PLC
20 January 2004

NORTHERN 3 VCT PLC



The following replaces the announcement titled 'Unaudited Net Asset Value as at
31 December 2003 and Interim Dividend' released by the issuer on 19 January 2004
at 13:37 under RNS Number 384OU.  The declared interim dividend of 0.5p per
share for the six months ending 31 March 2004, will be paid on 13 May 2004 to
shareholders on the register on 30 January 2004 and not 31 January 2004 as
previously stated.  All other details remain unchanged.  The full amended text
is set out below.



NORTHERN 3 VCT PLC

UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2003 AND INTERIM DIVIDEND



Northern 3 VCT PLC (the 'Company') announces that the unaudited net asset value
per share as at 31 December 2003 was 95.2p.  The directors have declared an
interim dividend of 0.5p per share for the six months ending 31 March 2004,
which will be paid on 13 May 2004 to shareholders on the register on 30 January
2004.

The Company is today launching a small top-up offering of up to 1.76 million new
ordinary shares of 5p each in the Company at a price of 100p per share.  This
offering will close at 5.00pm on 5 April 2004, or earlier if fully subscribed.

Enquiries:

Alastair Conn or Christopher Mellor, Northern Venture Managers Limited - 0191
244 6000
Website:  www.nvm.co.uk

ENDS


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