Miscellaneous

30 MARCH 2011

NORTHERN 3 VCT PLC

LINKED TOP-UP OFFER UPDATE

Northern 3 VCT PLC ("Northern 3") announces that the linked top-up offer of new
ordinary shares in conjunction with Northern 2 VCT PLC ("Northern 2") to raise
up to £3,150,000 in the 2010/11 tax year which was launched on 23 February
2011("the Offer") is now fully subscribed and no further applications will be
accepted.

As previously announced, 2,234,042 new ordinary shares have been allotted by
Northern 3 pursuant to the Offer at a price of 94p per share with total
subscription proceeds for Northern 3 of £2,099,999.48 and 1,278,565 new ordinary
shares have been allotted by Northern 2 pursuant to the Offer at a price of 82p
per share with total subscription proceeds for Northern 2 of £1,048,423.30.

Enquiries:

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

Neither the contents of the NVM Private Equity Limited website nor the contents
of any website accessible from hyperlinks on the NVM Private Equity Limited
website (or any other website) is incorporated into, or forms part of, this
announcement.






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(i) the releases contained herein are protected by copyright and 
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     originality of the information contained therein. 
    
Source: Northern 3 VCT PLC via Thomson Reuters ONE

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