Issue of Equity

13 May 2010

NORTHERN 3 VCT PLC ("the Company")

Issue of ORDINARY Shares

The Company announces that on 13 May 2010 it allotted to 70 subscribers 979,181
ordinary  shares of 5p each  under the 2010/11 Offer  for Subscription.  The new
ordinary shares were issued at a price of 95p per share.

Application  will  be  made  at  the  earliest practicable opportunity for these
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.

In  conformity with the Transparency Directive,  the Company notifies the market
that  the capital of  the Company consists  of 39,290,760 ordinary shares with a
nominal value of 5p each.  All the shares have voting rights.

The Company does not hold any ordinary shares in treasury.

Therefore,  the total number of voting rights in the Company is 39,290,760 ("the
Figure").

The  Figure may be used by a shareholder  or other person as the denominator for
the  calculations by  which he  will determine  if he  is required to notify the
voting  rights he holds in relation to the  Company, or a change to those voting
rights, under the FSA's Disclosure and Transparency Rules.

Enquiries:

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

http://www.nvm.co.uk/>






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