Notice of General Meeting

17 JANUARY 2014

NORTHERN 3 VCT PLC

SHAREHOLDER MEETING:  proposed CANCELLATION OF AMOUNTS STANDING TO THE CREDIT OF SHARE PREMIUM ACCOUNT AND CAPITAL REDEMPTION RESERVE

Northern 3 VCT PLC ("the Company") announces that a circular ("the Circular") has today been posted to shareholders giving notice of a shareholder general meeting to be held on 17 February 2014 to consider a resolution to cancel the amounts standing on the Company's balance sheet to the credit of the share premium account and the capital redemption reserve.  The cancellations will result in the creation of a new distributable reserve.  This reserve will be available, together with the Company's existing distributable reserves, to be used by the Company inter alia to re-purchase ordinary shares for cancellation and to pay dividends to shareholders (subject to the provisions of the Companies Act 2006 and to the legislation relating to venture capital trusts).  The cancellations will have no impact on the balance sheet assets and liabilities of the Company.

At the date of the Circular the balance on the share premium account was approximately £21.0 million and the balance on the capital redemption reserve was approximately £0.5 million.  Subject to shareholder approval of the resolution, the Company intends to apply to the High Court to seek its confirmation of the cancellations of the amounts standing to the credit of the share premium account and the capital redemption reserve.

A copy of the circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM and is also available on the NVM Private Equity website at www.nvm.co.uk/n3vctgm2014.

Enquiries:

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

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

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Northern 3 VCT PLC via Globenewswire

HUG#1755428