22 JANUARY 2016

NORTHERN 3 VCT PLC

REINSTATEMENT OF DIVIDEND INVESTMENT SCHEME

Northern 3 VCT PLC ("the Company") announces that, following a review of the company's future investment strategy, the Company's Dividend Investment Scheme ("DRIS") has been reinstated with effect from 1 February 2016.  It is expected that the next dividend payment for which the DRIS will be applicable will be the final dividend for the year ending 31 March 2016, which is scheduled to be paid in July 2016.

The Company has sent a letter to all shareholders today which provides further details of the company's future investment strategy together with notification of the reinstatement of the DRIS.  A copy of the letter to shareholders is available on the NVM Private Equity website at: http://www.nvm.co.uk/investor-area/n3vct/shareholder-communications-2.

Enquiries:

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

Neither the contents of the NVM Private Equity LLP website nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP website (or any other website) is incorporated into, or forms part of, this announcement.