REG-Director/PDMR Dealings

Northern 3 VCTAnnouncement

25/11/2025 09:00

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25 NOVEMBER 2025

NORTHERN 3 VCT PLC

DIRECTOR/PDMR DEALINGS

Northern 3 VCT PLC (“the Company”) has been notified that in respect of
the allotment of new ordinary shares pursuant to the Prospectus dated 17
September 2025, the following PDMR acquired ordinary shares of 5 pence each in
the Company.

 PDMR          Date acquired     No. of shares acquired  Purchase price per share (£)   Total current shareholding  
 John Waddell  25 November 2025  10,959                  0.9125                         55,017                      

These notifications are made in accordance with the Market Abuse Regulations.

 1   Details of the person discharging managerial responsibilities / person closely associated                                                                                                             
 a)  Name                                                                                               John Waddell                                                                                       
 2   Reason for the notification                                                                                                                                                                           
 a)  Position / status                                                                                  Director (PDMR)                                                                                    
 b)  Initial notification / amendment                                                                   Initial notification                                                                               
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                         
 a)  Name                                                                                               Northern 3 VCT PLC                                                                                 
 b)  LEI                                                                                                213800MWOA6W221PI432                                                                               
 4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted     
 a)  Description of the financial instrument, type of instrument  Identification code                   Ordinary Shares of 5p each   GB0031152027                                                          
 b)  Nature of the transaction                                                                          Allotment of new ordinary shares pursuant to the Prospectus dated 17 September 2025                
 c)  Price(s) and volume(s)                                                                             Price(s) £0.9125 Volume(s) 10,959                                                                  
 d)  Aggregated information  - Aggregated volume  - Price                                               N/A - single transaction                                                                           
 e)  Date of the transaction                                                                            25 November 2025                                                                                   
 f)  Place of the transaction                                                                           XLON                                                                                               

Enquiries:

Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430

Website: www.mercia.co.uk/vcts

Neither the contents of the Mercia Asset Management PLC website, nor the
contents of any website accessible from hyperlinks on the Mercia Asset
Management PLC website (or any other website), are incorporated into, or form
part of, this announcement