Result of General Meeting

NORTHERN 3 VCT PLC ("the Company")

RESULT OF GENERAL MEETING

The Company announces that at the general meeting held on 14 September 2011 all
of the resolutions set out in the notice of meeting were duly passed by
shareholders.

Details of proxy voting on the resolutions put to shareholders at the annual
general meeting are as follows:

+--+----------------------------------+---------+-------------+-------+--------+
|No|Resolution                        |      For|Discretionary|Against|    Vote|
|  |                                  |         |             |       |withheld|
+--+----------------------------------+---------+-------------+-------+--------+
|1 |To authorise the Directors to     |6,964,097|      299,027|340,534|     Nil|
|  |allot new Ordinary Shares to the  |         |             |       |        |
|  |shareholders of Northern AIM VCT  |         |             |       |        |
|  |PLC pursuant to the Merger, such  |         |             |       |        |
|  |authority to expire on the fifth  |         |             |       |        |
|  |anniversary of this resolution    |         |             |       |        |
|  |unless previously renewed.        |         |             |       |        |
+--+----------------------------------+---------+-------------+-------+--------+
|2 |To supplement the previous        |6,897,833|      307,709|387,595|  10,521|
|  |resolution and seeks to give the  |         |             |       |        |
|  |directors authority to allot new  |         |             |       |        |
|  |ordinary shares for cash in other |         |             |       |        |
|  |than pursuant to Resolution 1 up  |         |             |       |        |
|  |to an upper limit of 10% of the   |         |             |       |        |
|  |aggregate issued share capital    |         |             |       |        |
|  |from time to time.                |         |             |       |        |
+--+----------------------------------+---------+-------------+-------+--------+
|3 |To approve the acquisition by the |6,918,367|      299,027|386,264|     Nil|
|  |Company of the assets and         |         |             |       |        |
|  |liabilities of Northern AIM VCT   |         |             |       |        |
|  |PLC pursuant to the Merger.       |         |             |       |        |
+--+----------------------------------+---------+-------------+-------+--------+
|4 |To authorise the disapplication of|6,762,554|      307,709|446,488|  86,907|
|  |rights of pre-emption in respect  |         |             |       |        |
|  |of the issue of new Ordinary      |         |             |       |        |
|  |Shares to the shareholders of     |         |             |       |        |
|  |Northern AIM VCT PLC pursuant to  |         |             |       |        |
|  |the Merger pursuant to Resolution |         |             |       |        |
|  |1, and in respect of the issue of |         |             |       |        |
|  |up to 10% of the Company's issued |         |             |       |        |
|  |share capital from time to time   |         |             |       |        |
|  |pursuant to Resolution 2, such    |         |             |       |        |
|  |authority to expire on the fifth  |         |             |       |        |
|  |anniversary of this resolution    |         |             |       |        |
|  |unless previously renewed.        |         |             |       |        |
+--+----------------------------------+---------+-------------+-------+--------+
|5 |To approve the cancellation,      |6,944,145|      328,709|325,383|   5,421|
|  |subject to the confirmation of the|         |             |       |        |
|  |High Court, of the sum standing to|         |             |       |        |
|  |the credit of the Company's Share |         |             |       |        |
|  |Premium Account as at the date the|         |             |       |        |
|  |order of the High Court is made.  |         |             |       |        |
+--+----------------------------------+---------+-------------+-------+--------+


A copy of the resolutions passed will be submitted to the UK Listing Authority
and will shortly be available for inspection at the National Storage Mechanism
at 

http://www.hemscott.com/nsm.do

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

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