Issue of Equity

Northern 3 VCT PLC
18 January 2008

NORTHERN 3 VCT PLC ('The Company')

18 JANUARY 2008

Issue of Shares

The Company announces that on 18 January 2008 it allotted 76,202 ordinary shares
of 5p each to shareholders who agreed to subscribe for shares under the terms of
the Company's Dividend Investment Scheme.  The subscription price was 95.9p per
share.  Following the above allotment, there are 30,113,029 ordinary shares in
issue.

Application will be made at the earliest practicable opportunity for these
shares, which will rank pari passu with existing ordinary shares, to be admitted
to the Official List of the UK Listing Authority and to trading on the London
Stock Exchange's market for listed securities.



END


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