RNS Number:1699N
Northern 3 VCT PLC
04 July 2003


Northern 3 VCT PLC ("The Company")

Issue of Shares

The Company announces that on 4 July 2003 it issued and allotted to 1 subscriber
an additional 51,000 ordinary shares of 5p each representing approximately 0.29
per cent of the enlarged issued share capital of the Company which now consists
of 17,394,532 ordinary shares.  The new shares were issued at a price of 100p
per share.  Application will be made at the earliest practicable opportunity for
these shares, which will rank pari passu with existing ordinary shares, to be
admitted to the Official List of the UK Listing Authority and to trading on the
London Stock Exchange's market for listed securities.




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