Announcements

Northern 3 VCT PLC.

17 FEBRUARY 2012

NORTHERN 3 VCT PLC

REVIEW OF DIVIDEND POLICY

The directors of Northern 3 VCT PLC ("the Company") review the Company's dividend policy regularly in the light of the Company's financial performance and developments in general VCT market practice.  Following their latest review the directors are pleased to announce that for the year ending 31 March 2012 and until further notice the company's objective will be to pay an annual dividend of not less than 5.0p per share.  Accordingly it is envisaged that in the absence of unforeseen circumstances the directors will in due course propose a final dividend of not less than 3.0p per share in respect of the year ending 31 March 2012, which is expected to be paid in July 2012.

Enquiries:

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

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




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Source: Northern 3 VCT PLC via Thomson Reuters ONE

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