Update re share offer

2 APRIL 2020

NORTHERN 3 VCT PLC

OFFER FOR SUBSCRIPTION UPDATE

Further to the announcement made by Northern 3 VCT PLC (“N3VCT”) on 10 January 2020 in conjunction with Northern Venture Trust PLC and Northern 2 VCT PLC in respect of the offers of new ordinary shares for subscription in the 2019/20 tax year, N3VCT announces that its offer of new ordinary shares to raise a total of up to £13.3 million is now closed and no further applications will be accepted.  It is expected that the allotment of new ordinary shares will be completed on or around 3 April 2020 and that admission to the Official List will become effective and dealings in the new ordinary shares will commence on or around 9 April 2020.

Enquiries:

Simon John/James Bryce, NVM Private Equity LLP - 0191 244 6000

Website:  www.nvm.co.uk

Martin Glanfield, Chief Financial Officer Mercia Asset Management PLC - 0330 223 1430

Website: www.mercia.co.uk

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