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

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3 NOVEMBER 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
allotment of new ordinary shares pursuant to the Prospectus published on 21
September 2017, the following PDMR acquired ordinary shares of 5 pence each in
the Company.

 PDMR                           Date acquired    No. of shares acquired  Purchase price   Total current   
                                                                         per share (£)    shareholding    
 James Gordon Dickson Ferguson  3 November 2017  100,000                 £1.000           656,374         

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  James Gordon Dickson 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                                                        Allotment of new ordinary shares pursuant to the Prospectus published on 21 September 2017  
 c)  Price(s) and volume(s)                                                           Price(s) £1.000 Volume(s) 100,000                                                           
 d)  Aggregated information - Aggregated volume - Price                               Aggregate price £1.000     Aggregate volume 100,000   Aggregate total £100,000.00           
 e)  Date of the transaction                                                          3 November 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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