Announcements

Northern 3 VCT PLC.

9 JANUARY 2013

NORTHERN 3 VCT PLC

INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 31 DECEMBER 2012

Northern 3 VCT PLC presents its interim management statement for the three months ended 31 December 2012.  This constitutes the company's second interim management statement for the financial year ending 31 March 2013, as required by the UK Listing Authority's Disclosure Rules and Transparency Rules, Rule 4.3.

The company's objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth, by investing in a portfolio of investments mainly comprising unquoted venture capital holdings.  The company is a venture capital trust approved by HM Revenue & Customs and is required to comply on a continuing basis with the provisions of Section 274 of the Income Tax Act 2007.

The unaudited net asset value per ordinary share as at 31 December 2012 was 100.1p (30 September 2012 96.8p).  The net asset value is stated before deducting the interim dividend of 2.0p per share declared in respect of the year ending 31 March 2013, which will be paid to eligible shareholders on 11 January 2013.

For the purposes of calculating the net asset value per share, quoted investments are carried at bid price as at 31 December 2012 and unquoted investments are carried at fair value as at 31 December 2012 as determined by the directors.

The number of ordinary shares in issue at 31 December 2012 was 48,617,103.  During the three months ended 31 December 2012 no new shares were allotted and 150,000 shares were re-purchased by the company for cancellation at a price of 82.3p per share.

During the three months ended 31 December 2012 the following significant investment transactions took place:

New investments:


Name of company                           

Business activity                                    
Amount
    invested
£000
Haystack Dryers Manufacturer of drying booths for theme parks and swimming pools 992
Intuitive Provider of software and related services for the travel industry 1,293

Realisations:

Carrying
value at
Sales Original 30 September
Name of company                                                   proceeds           cost                2012
£000 £000 £000
Paladin Group (sale to Places for People Group) 2,082 1,013 1,864

The directors are not aware of any other events or transactions which have taken place between 30 September 2012 and the date of publication of this statement and which have had a material effect on the financial position of the company.

This statement has been prepared solely to provide additional information in order to meet the requirements of the Disclosure Rules and Transparency Rules and should not be relied on by shareholders, or any other party, for any other purpose.

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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information contained therein.

Source: Northern 3 VCT PLC via Thomson Reuters ONE

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