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REG-Director/PDMR Shareholding <Origin Href="QuoteRef">NTN.L</Origin>

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21 JULY 2017

NORTHERN 3 VCT PLC

NOTIFICATION OF TRANSACTION BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
("PDMR")

Northern 3 VCT PLC ("the Company") has been notified that in respect of the
second interim dividend and final dividend for the financial year ended 31
March 2017 paid on 21 July 2017, the following PDMR acquired 705 ordinary
shares of 5 pence each in the Company through his participation in the
Company's dividend investment scheme.

 PDMR          Date acquired  No. of shares acquired  Purchase price   Total current   
                                                      per share (£)    shareholding    
 John Waddell  21 July 2017   705                     0.977            14,340          

The Notification of Dealing Form for the above PDMR can be found below.
This notification is made in accordance with the Market Abuse Regulation.

Enquiries:

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

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

NOTIFICATION OF DEALING FORM 

1   Details of the person discharging managerial responsibilities / person
closely associated

 a)  Name  John McLaren Ogilvie Waddell  

2   Reason for the notification

 a)  Position/status                  Director              
 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                                                        Issue of Ordinary Shares under the Company's dividend investment scheme       
 c)  Price(s) and volume(s)                                                           Price(s) £0.977 Volume(s) 705                                                 
 d)  Aggregated information - Aggregated volume - Price                               Aggregate price £0.977     Aggregate volume 705   Aggregate total £688.785    
 e)  Date of the transaction                                                          21 July 2017                                                                  
 f)  Place of the transaction                                                         XLON                                                                          
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Northern 3 VCT PLC via Globenewswire

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