Issue of Equity

10 July 2009 NORTHERN 3 VCT PLC ("The Company") Issue of Shares AND TOTAL VOTING RIGHTS The Company announces that on 10 July 2009 it allotted 85,757 ordinary shares of 5p each to shareholders who agreed to subscribe for shares under the terms of the Company's Dividend Investment Scheme. The subscription price was 82.0p per share. Following the above allotment, there are 28,940,287 ordinary shares in issue. Application will be made at the earliest practicable opportunity for these shares, which will rank pari passu with existing ordinary shares, to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities. In conformity with the Transparency Directive, the Company notifies the market that the capital of the Company consists of 28,940,287 ordinary shares with a nominal value of 5p each, with voting rights. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company is 28,940,287 (the "Figure"). The Figure may be used by a shareholder or other person as the denominator for the calculations by which he will determine if he is required to notify the voting rights he holds in relation to the Company, or a change to those voting rights, under the FSA's Disclosure and Transparency Rules. Enquiries: Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000 Website: ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.