Publication of Prospectus

22 January 2010

NORTHERN 3 VCT PLC ("The Company")

Offer for Subscription

The Company announces that it has published a Prospectus (comprising a
Securities Note, Registration Document and Summary) to issue up to 15 million
Ordinary Shares of 5p each (the "Offer").

The Offer opened on 22 January 2010 and is expected to close no later than 5
April 2010 in the case of the 2009/10 tax year and 12 May 2010 in the case of
the 2010/11 tax year (unless previously extended).

To obtain a copy of the Securities Note, private investors and financial
advisers should call NVM Private Equity Limited on 0191 244 6000.  A
downloadable version of the Securities Note will also be available from
www.nvm.co.uk.

A copy of the Prospectus is available, free of charge, from the Company's
registered office:

Northumberland House
Princess Square
Newcastle upon Tyne
NE1 8ER

In accordance with the Listing Rules, the Prospectus has been submitted to the
UK Listing Authority and will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility which is situated at:

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Enquiries:

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

http://www.nvm.co.uk/>



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