Statement re Intention to Fund Raise

10 OCTOBER 2019

NORTHERN 3 VCT PLC

STATEMENT REGARDING INTENTION TO FUND RAISE

Northern 3 VCT PLC (“the Company”) is pleased to announce that, subject to obtaining the requisite shareholder and regulatory approvals, it intends, in conjunction with Northern Venture Trust PLC and Northern 2 VCT PLC, to launch linked offers for subscription in the 2019/2020 tax year (the "Offers") with the intention to raise up to £40 million across the linked Offers.

Full details of the Offers will be announced in due course. It is expected that a prospectus will be published by the Company in January 2020, which will be available on the NVM Private Equity website (www.nvm.co.uk).

Enquiries:

Tim Levett, Chairman, NVM Private Equity, Tel: [phone]
James Bryce, Company Secretary, Northern 3 VCT, Tel: [phone]
Website:  www.nvm.co.uk

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