Transaction in Own Shares

Northern 3 VCT PLC
23 August 2004


NORTHERN 3 VCT PLC (The 'Company')

PURCHASE OF OWN SHARES

The Company announces that on 23 August 2004 it purchased for cancellation under
an existing authority granted by shareholders 15,000 ordinary shares of 5p each
in the market at a price of 83p, representing approximately 0.07 per cent of the
Company's issued share capital.  There remain 21,314,738 ordinary shares in
issue.

END



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