Offer Update

8 MARCH 2012

NORTHERN 3 VCT PLC

TOP-UP SHARE OFFER UPDATE

Northern 3 VCT PLC ("the Company") announces that the top-up offer of new ordinary shares to raise up to £2,000,000 (before expenses) in the 2011/12 tax year which was launched on 21 February 2012 ("the Offer") is now fully subscribed and no further applications will be accepted.

As previously announced, 2,018,867 new ordinary shares have been allotted by the Company pursuant to the Offer at a price of 99p per share with total subscription proceeds of £1,998,678.

The Company intends to launch a further top-up offer on 23 March 2012 to raise up to £1,600,000 in the 2011/12 tax year.  It is expected that the new offer will be on substantially the same terms as the Offer.

Enquiries:

Christopher Mellor/Alastair Conn, 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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Source: Northern 3 VCT PLC via Thomson Reuters ONE

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