Announcements

Northern 3 VCT PLC.


RNS Number : 6425V
Northern 3 VCT PLC
30 May 2008

30 MAY 2008

NORTHERN 3 VCT PLC

SALE OF PRODUCT SUPPORT (HOLDINGS) LIMITED

Northern 3 VCT PLC announces the sale of its investment in Product Support
(Holdings) Limited ('PSL') to Wincanton plc for total proceeds of #1,985,000 in
cash. This represents an uplift of #438,000 (equivalent to 1.5p per ordinary
share)
over the carrying value of the investment as shown in the company's audited
financial statements as at 31 March 2008.

Northern 3 VCT PLC invested #1,000,000 in the management buy-out of PSL in
December 2006, alongside investments by other venture capital funds managed by
NVM Private Equity, and has received total capital and income payments of
#2,107,000
from the holding. This represents an internal rate of return (IRR) of 70% per
annum over the period of the investment and a money multiple of 2.1 times.

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
This information is provided by RNS
The company news service from the London Stock Exchange

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