Statement re Possible Merger

3 JUNE 2011

NORTHERN 3 VCT PLC

STATEMENT RE POSSIBLE MERGER

The boards of Northern 3 VCT PLC ("Northern 3") and Northern AIM VCT PLC
("Northern AIM") announce that they have commenced discussions with a view to a
possible merger of the two companies.  Any merger would be subject to approval
by the shareholders of both companies.  Subject to further consideration, it is
envisaged that the merger would be effected by means of a scheme of
reconstruction under Section 110 of the Insolvency Act 1986 by transferring the
assets and liabilities of Northern AIM to Northern 3 in consideration for new
Northern 3 ordinary shares, which would be issued to Northern AIM shareholders
on the basis of the respective net asset values.  A merger on this basis will be
outside the provisions of The City Code on Takeovers and Mergers.

A further announcement will be made in due course.

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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Source: Northern 3 VCT PLC via Thomson Reuters ONE

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