10 JUNE 2013
NORTHERN 3 VCT PLC
PORTFOLIO UPDATE
Northern 3 VCT PLC ("Northern 3 VCT") announces the sale of its investment in IG Doors Limited ("IG Doors"), which manufactures steel and GRP composite doors, to the Hörmann Group.
Northern 3 VCT received cash proceeds of £1.32 million for its holding of ordinary shares in IG Doors. The carrying value of the investment in IG Doors in Northern 3 VCT's audited financial statements for the year ended 31 March 2013, published on 13 May 2013, was £0.91 million. The uplift in Northern 3 VCT's net assets resulting from the sale is therefore £0.41 million, equivalent to approximately 0.8p per ordinary share.
For further information, please contact:
NVM Private Equity Limited
Alastair Conn/Christopher Mellor 0191 244 6000