Dividend Declaration

23 NOVEMBER 2023

NORTHERN 3 VCT PLC

DIVIDEND DECLARATION

Northern 3 VCT PLC ("the Company”) is pleased to declare an interim dividend of 2.0 pence per ordinary share in respect of the year ending 31 March 2024. The interim dividend will be paid on 17 January 2024 to shareholders on the register on 15 December 2023. The ex-dividend date is 14 December 2023.

The Company’s dividend investment scheme, which enables shareholders to invest their dividends in new ordinary shares free of dealing costs and with the benefit of the tax reliefs available on new VCT share subscriptions, continues to operate. Details on how to join the scheme are included within the dividend section of our website, which can be found here: www.mercia.co.uk/vcts/n3vct/

Enquiries:

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.