Interim Management Statement

29 JULY 2010

NORTHERN 3 VCT PLC

INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 30 JUNE 2010

Northern  3 VCT  PLC  presents  its  interim  management statement for the three
months  ended  30 June  2010.  This  constitutes  the  company's  first  interim
management statement for the financial year ending 31 March 2011, as required by
the UK Listing Authority's Disclosure and Transparency Rule 4.3.  This statement
has  been prepared solely to provide additional information in order to meet the
requirements  of the Disclosure and Transparency  Rules and should not be relied
on by shareholders, or any other party, for any other purpose.

The  unaudited net asset value per ordinary  share as at 30 June 2010 was 89.8p
(31 March 2010 (audited) 90.2p).  The net asset value is stated before deducting
the  final dividend  of 2.0p per  share in  respect of  the year  ended 31 March
2010, which was approved by shareholders at the annual general meeting on 1 July
2010 and was paid to eligible shareholders on 9 July 2010.

The  number of ordinary shares in  issue at 30 June 2010 was 38,990,760.  During
the three months ended 30 June 2010 3,369,960 new ordinary shares were issued at
a  price of 95p pursuant to a public  offer for subscription which closed on 12
May  2010, and 300,000 shares were re-purchased  by the company for cancellation
at price of 76.6p per share.

For  the  purposes  of  calculating  the  net  asset  value  per  share,  quoted
investments are carried at bid price as at 30 June 2010 and unquoted investments
are carried at fair value as at 30 June 2010 as determined by the directors.

During  the  three  months  ended  30 June  2010 the  company  completed  a  new
investment  of £995,000 in  Evolve Investments Limited,  a new company formed to
acquire   underperforming   and  undercapitalised  businesses.   There  were  no
significant investment disposals during the quarter.

The directors are not aware of any other events or transactions which have taken
place  between 31 March 2010 and  the date of  publication of this statement and
which have had a material effect on the financial position of the company.

Enquiries:
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000

Website:  www.nvm.co.uk


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Source: Northern 3 VCT PLC via Thomson Reuters ONE