Transaction in Own Shares

Northern 3 VCT PLC
11 February 2005


NORTHERN 3 VCT PLC (The 'Company')

PURCHASE OF OWN SHARES

The Company announces that on 10 February 2005 it purchased for cancellation
under an existing authority granted by shareholders 5,000 ordinary shares of 5p
each in the market at a price of 84.5p, representing approximately 0.02 per cent
of the Company's issued share capital.  There remain 23,537,978 ordinary shares
in issue.


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