Transaction in Own Shares

FROM: Baronsmead VCT 3 plc

DATE: 31 March 2010

SUBJECT: Transaction in Own Shares

The Board of Baronsmead VCT 3 plc announces that on 31 March 2010 the Company
purchased 160,000 ordinary shares of 10p at a price of 88.5 pence per share to
be held in Treasury.

Following the share buyback, the Company's issued ordinary share capital
consists of 67,619,851 shares of which 6,127,317 shares are held in Treasury.
Therefore the total number of shares with voting rights in Baronsmead VCT 3 plc
is 61,492,534 ordinary shares of 10p. Each share has one voting right.

The above figure 61,492,534 may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, Baronsmead VCT 3 plc under
the FSA's Disclosure and Transparency Rules.

For further information please contact

Michael Probin Investor Relations ISIS EP LLP: 020 7506 5796