Extension of Offer

Northern 3 VCT PLC
28 April 2005


For immediate release on 28 April 2005
Northern 3 VCT PLC (the 'Company')

Extension of offer

The Company announces that the current offer for subscription (the 'Offer') for
the 2005/06 tax year has been extended from its original closing date of today
and will now close at 3.00pm on Monday 20 June 2005, unless fully subscribed at
an earlier date or unless the board elects to close the issue earlier.

As at the close of business yesterday, applications had been received under the
Offer for 248,339 ordinary shares at an issue price of 99p per share. A further
1,652,361 ordinary shares remain available under the Offer for subscription at
an issue price of 99p per share, based on the Company's most recently announced
net asset value per share of 94p, as at 28 February 2005.

The Company will be announcing its interim results for the six months ended 31
March 2005 during the second half of May, which will contain the net asset value
per share of the Company as at 31 March 2005.

ENDS


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