REG-Portfolio update <Origin Href="QuoteRef">NTN.L</Origin>

Northern 3 VCTAnnouncement

02/03/2016 10:00

2 MARCH 2016 
 
 NORTHERN 3 VCT PLC 
 
 PORTFOLIO UPDATE 
 
 Northern 3 VCT PLC ("Northern 3 VCT") announces the sale of its investment in
Kitwave One Limited ("Kitwave") to the Kitwave management team, supported by
private equity funds managed by Pricoa Capital Group and Allstate Investments.

 
 Northern 3 VCT has received initial cash proceeds of £2.24 million for its
holding of ordinary shares and redeemable loan stock in Kitwave.  The
directors' valuation of the investment in Kitwave for the purposes of
calculating the unaudited net asset value as at 31 December 2015, which was
announced on 17 February 2016, was £2.10 million.  The uplift in Northern 3
VCT's net assets resulting from the realisation is therefore £0.14 million,
equivalent to approximately 0.2 pence per share based on the 65,783,399 shares
currently in issue. 
 
 Northern 3 VCT may, subject to future performance and tax claims, become
entitled to receive further sale proceeds of up to £0.31 million over the
period to December 2017.  These proceeds will be recognised in the financial
statements as and when received. 
 
 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. 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX 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 
 HUG#1990767