Interim Management Statement

30 JULY 2009

NORTHERN 3 VCT PLC

INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 30 JUNE 2009

Northern 3 VCT PLC presents its interim management statement for  the
three months  ended 30  June 2009.   This constitutes  the  company's
first interim management statement for  the financial year ending  31
March 2010, as required by the UK Listing Authority's Disclosure  and
Transparency Rule 4.3.   This statement has  been prepared solely  to
provide additional information in order  to meet the requirements  of
the Disclosure and Transparency Rules and should not be relied on  by
shareholders, or any other party, for any other purpose.

The unaudited net asset value per  ordinary share as at 30 June  2009
was 86.4p (31 March  2009 (audited) 84.0p).  The  net asset value  is
stated before  deducting the  final  dividend of  2.0p per  share  in
respect of  the year  ended  31 March  2009,  which was  approved  by
shareholders at the  annual general meeting  on 2 July  2009 and  was
paid to eligible shareholders on 10 July 2009.

The  number  of  ordinary  shares  in  issue  at  30  June  2009  was
28,939,039.  During  the  three months  ended  30 June  2009  no  new
ordinary shares were issued  and no shares  were re-purchased by  the
company for cancellation.  On 3  July 2009 the company purchased  for
cancellation 84,509 ordinary shares at a price of 48.25p per  share.
On 10 July 2009 the company allotted 85,757 new ordinary shares at  a
price of 82.0p per  share in connection  with the company's  dividend
investment scheme.

For the purposes of calculating the net asset value per share, quoted
investments are carried at bid price as at 30 June 2009 and  unquoted
investments are  carried  at  fair  value  as  at  30  June  2009  as
determined by the directors.

During the three months ended 30 June 2009 there were no  significant
investment transactions.   On  15  July 2009  the  company  sold  its
investment in Liquidlogic Limited,  an unquoted provider of  software
solutions to public sector clients,  for cash proceeds of  £358,000.
The book cost of the investment was £49,000 and its carrying value at
30 June  2009  was £358,000.   The  company may  become  entitled  to
receive additional proceeds depending  on the trading performance  of
Liquidlogic Limited in the financial year ending 31 March 2010.

The directors are not aware of any other events or transactions which
have taken place between 31 March 2009 and the date of publication of
this statement and which have had a material effect on the  financial
position of the company.

Enquiries:
Alastair Conn/Christopher Mellor, NVM  Private Equity Limited -  0191
244 6000
Website:  www.nvm.co.uk

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.