Dividend Declaration

Northern 3 VCT PLC
22 February 2008

22 FEBRUARY 2008

NORTHERN 3 VCT PLC

DIVIDEND DECLARATION

Northern 3 VCT PLC announces that a third interim dividend of 2.0p per share in
respect of the extended 18 month accounting period ending on 31 March 2008 will
be paid on 28 March 2008 to shareholders on the register on 7 March 2008.

This takes the total of interim dividends declared in respect of the 18 month
period to 6.0p per share.  The third interim dividend replaces the final
dividend for the period which would normally have been proposed for payment in
July 2008 subject to shareholders' approval at the annual general meeting, and
accordingly the directors do not now expect to propose a final dividend.

Following the change in financial year end, it is expected that an interim
dividend in respect of the year ending 31 March 2009 will be paid in January
2009 with a final dividend being paid in July 2009.

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website:  www.nvm.co.uk


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