DJ Northern 3 VCT plc Interim Management Statement

28th July 2010


29 JULY 2010



Northern 3 VCT PLC presents its interim management statement for the three
months ended 30 June 2010. This constitutes the company's first interim
management statement for the financial year ending 31 March 2011, as required by
the UK Listing Authority's Disclosure and Transparency Rule 4.3. This statement
has been prepared solely to provide additional information in order to meet the
requirements of the Disclosure and Transparency Rules and should not be relied
on by shareholders, or any other party, for any other purpose.

The unaudited net asset value per ordinary share as at 30 June 2010 was 89.8p
(31 March 2010 (audited) 90.2p). The net asset value is stated before deducting
the final dividend of 2.0p per share in respect of the year ended 31 March
2010, which was approved by shareholders at the annual general meeting on 1 July
2010 and was paid to eligible shareholders on 9 July 2010.

The number of ordinary shares in issue at 30 June 2010 was 38,990,760. During
the three months ended 30 June 2010 3,369,960 new ordinary shares were issued at
a price of 95p pursuant to a public offer for subscription which closed on 12
May 2010, and 300,000 shares were re-purchased by the company for cancellation
at price of 76.6p per share.

For the purposes of calculating the net asset value per share, quoted
investments are carried at bid price as at 30 June 2010 and unquoted investments
are carried at fair value as at 30 June 2010 as determined by the directors.

During the three months ended 30 June 2010 the company completed a new
investment of ÂGBP995,000 in Evolve Investments Limited, a new company formed to
acquire underperforming and undercapitalised businesses. There were no
significant investment disposals during the quarter.

The directors are not aware of any other events or transactions which have taken
place between 31 March 2010 and the date of publication of this statement and
which have had a material effect on the financial position of the company.

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000



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Source: Northern 3 VCT PLC via Thomson Reuters ONE

(END) Dow Jones Newswires

July 29, 2010 06:49 ET (10:49 GMT)