REG-Result of AGM

Northern 3 VCTAnnouncement

07/08/2025 16:00

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7 AUGUST 2025

NORTHERN 3 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 3 VCT PLC (“the Company”) announces that at the Annual General
Meeting held on 7 August 2025 all of the resolutions set out in the notice of
the meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Mr James Ferguson, Mr
Christopher Fleetwood, Mr Timothy Levett, Mr John Waddell and Mrs Anna Brown
and to elect as a director Mr David Ovens who was appointed to the Board on 24
April 2025.

A copy of the resolutions proposed and passed has been submitted to the
National Storage Mechanism and will also be available from:
www.mercia.co.uk/vcts/n3vct/.

Details of proxy voting on the resolutions put to shareholders at the Annual
General Meeting are as follows:

 Number  Resolution                                                                                                                                                                                                          For        Discretionary  Against  Vote Withheld  
 1       To receive and approve the Company’s annual report and financial statements for the year ended 31 March 2025 together with the strategic report, Directors’ report and independent auditor’s report thereon.        6,352,797  302,460        24,608   75,048         
 2       To approve and declare a final dividend of 2.5p per share in respect of the year ended 31 March 2025                                                                                                                6,467,216  243,538        15,182   28,977         
 3       To approve the Directors’ remuneration report in respect of the year ended 31 March 2025 other than the part of such report containing the Director’ remuneration policy                                            5,843,294  369,640        375,740  166,239        
 4       To re-elect Mr J G D Ferguson as a Director                                                                                                                                                                         5,843,008  331,959        445,029  134,917        
 5       To re-elect Mr C J Fleetwood as a Director                                                                                                                                                                          5,715,316  331,959        419,056  288,582        
 6       To re-elect Mr T R Levett as a Director                                                                                                                                                                             5,843,980  331,959        460,139  118,835        
 7       To re-elect Mr J M O Waddell as a Director                                                                                                                                                                          5,649,786  331,960        484,585  288,582        
 8       To re-elect Mrs A B Brown as a Director                                                                                                                                                                             5,959,629  331,959        194,154  269,171        
 9       To re-elect Mr D S Ovens as a Director                                                                                                                                                                              5,741,881  341,882        394,412  276,738        
 10      To appoint Johnston Carmichael LLP as an independent auditor                                                                                                                                                        6,198,171  351,220        128,326  77,196         
 11      To authorise the Audit & Risk Committee to fix the remuneration of the independent auditor                                                                                                                          6,259,018  347,052        88,797   60,046         
 12      To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 for the purposes of the Offer                                                                                          5,986,397  347,052        349,407  72,057         
 13      To generally authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006                                                                                                              6,130,125  347,052        127,467  150,269        
 14      To disapply Section 561(1) of the Companies Act 2006 in relation to certain allotments of equity securities for the purposes of the Offer                                                                           5,593,899  383,003        574,253  203,758        
 15      To disapply Section 561(1) of the Companies Act 2006 in relation to certain other allotments of equity securities                                                                                                   5,878,996  383,003        294,400  198,514        
 16      To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006                                                                                       6,211,570  344,637        114,219  84,487         
 17      To adopt new articles of association                                                                                                                                                                                6,139,839  353,614        96,232   165,228        
 18      To cancel the share premium account and credit the amount so cancelled to a special reserve of the Company                                                                                                          6,092,526  408,350        59,768   194,269        

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