Transaction in Own Shares

Northern 3 VCT PLC
14 March 2005



NORTHERN 3 VCT PLC (The 'Company')

PURCHASE OF OWN SHARES

The Company announces that on 14 March 2005 it purchased for cancellation under
an existing authority granted by shareholders 5,610 ordinary shares of 5p each
in the market at a price of 84.6p, representing approximately 0.02 per cent of
the Company's issued share capital.  There remain 25,129,749 ordinary shares in
issue.

END

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